The IRS is also increasing its standard deductions for married couples by $800. WASHINGTON, D.C., USA — As inflation increases the price of everything, the IRS is adjusting its tax brackets for 2022.
This means married couples would need to make almost $20,000 more next year to enter the top tax bracket, with the rate set at 37 percent.
According to CBS News , the IRS usually adjusts tax brackets each year in response to rising prices, but says this year’s increases are "greater than usual."This means that while basic income tax rates — the lowest at 10 percent and highest […]
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