From Forbes.com…..
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021, including tax rate schedules, tax tables and cost-of-living adjustments.
These are the numbers for the tax year 2021 beginning January 1, 2021. They are not the numbers and tables that you’ll use to prepare your 202o tax returns in 2021 (you’ll find them here). These are the numbers that you’ll use to prepare your 2021 tax returns in 2022.
