Posts tagged as:

inflation

Cost of 12 Days of Christmas Mirrors National Economy

29 November 2011

Finally some good news: the cost of living is apparently holding steady. Earlier this week, the IRS announced that interest rates will remain the same for the calendar quarter beginning January 1, 2012. And that’s not the only indicator… The PNC Christmas Price Index® has been released this year and prices seem to be holding [...]

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Movin’ On Up: Inflation May Translate to Lower Tax Bills

20 October 2011

If you think that the cost of living is increasing, it’s not your imagination. Everything is getting more expensive from gas to milk to peanut butter. Fortunately, that might translate to a drop in your tax bill. The IRS has announced a number of adjustments to tax exemptions and deductions as a result of rising [...]

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Tax Trivia: Tax Rates & Inflation

27 January 2010

Update: We have a winner! It’s Karen! For the answer, see the comments! Our next tax trivia question for the giveaway is: The US income tax system was made permanent in 1913. How much taxable income would taxpayers filing a joint return have to report in today’s dollars to be subject to tax at the [...]

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Up, Up and Away… In My Beautiful Tax Balloon

20 October 2008

As the economy continues on its wild ride, the IRS has announced a series of adjustments for tax brackets and other provisions for the 2009 tax year. These adjustments, in response to inflation, are required by law. Note that these adjustments will affect your 2009 tax return, normally filed in early 2010. Your 2008 tax [...]

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