Inflation Adjustments Predicted to Fall

October 7, 2013 / Taxes

Although the IRS will not release official details until later in the year, projections for 2014’s inflation adjustments to tax-code provisions put the rate at around 1.6% – much lower than last year’s figure of 2.5%. If the figure proves to be accurate, many taxpayers will find themselves saving money – for instance, a married couple filing jointly on income of $100,000 will owe $145 less in 2014 than 2013.