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Every year in the fall, the Internal Revenue Service announces the annual inflation adjustments for the next year. For 2017, the biggest news is there is very little change. Due to the low cost-of-living index, most of the figures did not meet the threshold to trigger an increase. Summarized below are a few highlights comparing 2016 and 2017:
The data contained in this article is for information purposes only and is not intended for legal, tax or accounting advice. The information was taken from sources we believe are reliable and may be subject to change.