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SEO Content Tax Nov 2018 - "IRS Releases New Projected 2019 Tax Rates, Brackets and More"

Tax Nov 2018 - "IRS Releases New Projected 2019 Tax Rates, Brackets and More"

Tax Nov 2018 - "IRS Releases New Projected 2019 Tax Rates, Brackets and More"

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IRS Releases New Projected 2019 Tax Rates, Brackets and More



Bloomberg recently released projected tax rates, brackets and other numbers that apply to the 2019 tax year (the IRS will release the official numbers later this year). Note, these are NOT the numbers that apply to the 2018 taxes you file in 2019, but to the income and activity that occurs during the 2019 tax year that starts January 1, 2019.

A big part of the IRS’s consideration in formulating 2019 numbers is the inflation index. The Tax Cuts and Jobs Act (TCJA) replaced the normal Consumer Price Index with chained CPI. Chained CPI doesn’t simply measure the change in prices, it measures consumer responses to high prices, effectively creating a smaller inflation adjustment. In any case, inflation adjustments are a critical component (and often the main driver) in year-to-year tax bracket, exemptions and eligibility thresholds.............



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SEO Content, SEO Website Content, Blog Content, Content Content, SEO Writer, Tax Oct 2018 - "IRS Releases New Projected 2019 Tax Rates, Brackets and More" Bloomberg recently released projected tax rates, brackets and other numbers that apply to the 2019 tax year (the IRS will release the official numbers later this year). Note, th