2026 vs. 2027 Tax Brackets: What’s Changed, And What Does It Mean For Your Taxes?
How do 2027 tax brackets compare to 2026? See changes to federal income tax brackets, standard deductions and credits, plus what inflation means for your taxes.
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The Impact of Inflation in 2022
Recently, Americans have seen prices rise. But when it comes to economic inflation, how does this affect the taxes you are expected to pay? How could the impact of inflation affect your tax bill? On today’s episode of the Taxgirl podcast, Kelly is joined by Tim Speiss to talk about the impact of inflation and…
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PNC Says ‘the 12 Days of Christmas’ Will Be Different In 2020
For 37 years, PNC has calculated the prices of the 12 gifts from the classic holiday song, “The Twelve Days of Christmas.” This year, the list looks a little different with adjustments for the pandemic’s impact on the cost of purchasing the presents in the renowned carol. It will cost just $16,168.14 to buy all…
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Bah, Humbug! Cost Of Twelve Days Of Christmas More Expensive This Year
The holiday season is upon us! If you want to show your true love the spirit of the holidays, you could buy all of the items in the “12 Days of Christmas” – but it’s going to cost you this year.
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Social Security Benefits Will Not Keep Pace With Tax Contributions In 2014
Social Security benefits will increase in 2014 – but not by much. Why will benefits remain low? And could we see even smaller increases in the future?
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Budget Talks Stall As Reid Calls GOP Move A ‘Poison Pill’
We were expecting a vote today on the budget. What we got was more fighting. With the House and the Senate back to work for a change today (I guess a raise will put some pep in your step), many were hopeful that Congress might reach a deal on the budget. But that all changed…
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Cost Of 12 Days Of Christmas Mirrors National Economy
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
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
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 & Away… In My Beautiful Tax Balloon
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…
