2016 Federal Tax Inflation Adjustments
Posted by taxguru on October 15, 2015
Every year around this time, different tax scholars apply the past year’s annual inflation rate to those parts of the IRC that require annual adjustments.
The first such announcement that I have learned about for 2016 is from The Tax Foundation. Here is the summary of their calculations:
PDF (4 pages)
Update: IRS Has released its own calculations of the inflation adjustments for 2016:
In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged
Revenue Procedure 2015-53 with more details (27 page PDF)
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