Income Tax

2012 Tax Brackets and Federal IRS Rates, Standard Deduction and Personal Exemptions

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2012 and 2011 tax rates stayed the same as 2010 levels thanks to an extension of the Bush-era tax cuts. This has been confirmed by the IRS with the release of 2012 tax tables. There was also good news in that the 2012 standard deduction and tax brackets will increase due to higher inflation, which […]

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