IRS posts 2020 inflation adjustments and tax tables
The IRS on Wednesday issued the 2020 annual inflation adjustments for many tax provisions as well as the 2020 tax rate tables for individuals and estates and trusts (Rev. Proc. 2019-44). These adjusted amounts will be used to prepare tax year 2020 returns in 2021.
Original Article Source Credits: Journal of Accountancy , https://www.journalofaccountancy.com/
Article Written By: Sally P. Schreiber
Original Article Posted on : November 7, 2019