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You are viewing the "Standard Deduction" Archives

News

An IRS sign outside the Internal Revenue Service building in Washington, on May 4, 2021.

The IRS is increasing the standard deductions for 2023 as inflation intensifies

By: Ayana Archie | NPR
Posted on: Wednesday, October 19, 2022

WASHINGTON, D.C. (NPR) — The Internal Revenue Service is increasing its inflation adjustments for the 2023 tax year after prices for rent, groceries and gas have reached heights not seen… Read More

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