IRS issues 2013 inflation-adjusted items for individuals, estates

01/14/2013 | JournalofAccountancy.com

The Internal Revenue Service on Friday released 2013 tax tables and other inflation adjustments, including items important to individual taxpayers and estates. The inflation-adjusted numbers include increased personal exemption and standard deduction amounts, the new unified credit against the estate tax, and the new alternative minimum tax exemption. Various credit amounts are also updated. The release reflects changes made by the American Taxpayer Relief Act.

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