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November 10, 2021 at 12:45 PM
The Internal Revenue Service on Wednesday released inflation adjustments for more than 60 tax provisions. The IRS’ list of tax year 2022 adjustments are available in Revenue Procedure 2021-45 and generally apply to tax returns filed in 2023.
The U.S. Bureau of Labor Statistics reported Wednesday that U.S. consumer prices increased 0.9% in October on a seasonally adjusted basis after rising 0.4% in September. Over the last 12 months, the Consumer Price Index for All Urban Consumers increased 6.2% before seasonal adjustment.
Check out the gallery above for 10 of the IRS tax inflation adjustments for 2022.
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