Inflation Adjusted Amounts

Post Date: 11/16/21
Last Updated: 11/16/21

Summary

Cross References
• Rev. Proc. 2021-45
• Notice 2021-61

Each year, a number of provisions in the Internal Revenue Code (IRC) are adjusted for inflation. The IRS recently released the inflation adjusted amounts for 2022. The following chart highlights a number of these adjustments, as they compare to the 2020 and 2021 amounts. A complete list will appear in Tab 1 of the 1040 Edition/Deluxe Edition of TheTaxBook.

To see the chart and the rest of this article, please click on the link below.
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