How To Guide For: A Look At The IRS Tax Brackets For 2017

According to the IRS website tax brackets will be adjusted for inflation for 2017.

Every year the IRS adjusts more than 40 tax provisions for inflation. The IRS uses the Consumer Price Index (CPI) to calculate the past year's inflation and adjusts income thresholds, deduction amounts, and credit values accordingly. The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of $418,400 and higher for single filers and $470,700 and higher for married couples filing jointly. To get more information on the 2017 IRS tax brackets click on the pictures below to read the articles.