The IRS issued inflation adjustment amounts accompanying various tax laws for 2013 (Rev. Proc. 2012-41). Here are the relevant items:
Subsequent guidance is to be provided as to the tax rate tables, the Hope Scholarship and Lifetime Earning Credits, the standard deduction, the overall limitation on itemized deductions, the personal exemption, the unified credit against estate tax for decedents’ estates, and many other items.
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