IRS Announces New Tax Rates, Standard Deductions
Standard deductions will increase, but the ceiling for itemized deductions decrease in 2013, plus other changes that will affect your taxes this year.
The Internal Revenue Service announced the annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes: Source: Internal Revenue Service ~ Peachtree Corners Patch
