![]() One other way that the IRS helps guard against bracket creep is by adjusting the values of deductions to keep up with inflation. We mentioned earlier that the IRS’s tax brackets apply to your taxable income, which is what you get when you apply certain adjustments and deductions to your revenue. What are some other inflation adjustments I should look out for? $1,465 plus 12% of any income you made above $14,650 If so, use the following to figure out your taxes on income in 2022: If your total taxable income for 2022 is… ![]() Then you might qualify for the “head of household” filing status.
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