IRS Says It's Boosting Tax Brackets Due To Faster Inflation

Dallas TX

11 November, 2021

9:59 AM

Description

CBS Dallas/Fort Worth November 11, 2021 The IRS said the income thresholds for tax brackets will be higher in 2022, reflecting the faster pace of inflation. That means a married couple will need to earn almost $20,000 more next year to enter the top tax bracket, with the tax rate set to remain at 37%. ♦♦♦ Click Here To Read The Complete Story On cbsnews.com ♦♦♦ CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.