Projected 2019 Tax Rates, Brackets, Standard Deduction Amounts And More – Kelly Phillips Erb

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The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by .2% for August, the same as in July. The CPI measures the cost of goods and services – in other words, your cost of living. When the CPI doesn’t change much, it tends to signal that interest rates will stay put. This is important information for taxpayers because the Tax Code provides for mandatory annual adjustments to certain tax items based on inflation. That said, there’s a change in the way that the Internal Revenue Service (IRS) will figure cost-of-living adjustments for 2019……..

Read more: https://www.forbes.com/sites/kellyphillipserb/2018/09/14/projected-2019-tax-rates-brackets-standard-deduction-amounts-and-more/#53b225ed12d9

 

 

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