On 6 November 2019, the U.S. IRS issued a release providing an overview of the tax inflation adjustments for tax year 2020 for individual taxpayers.
---
WASHINGTON — The Internal Revenue Service today announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2019-44 (PDF) provides details about these annual adjustments.
The tax law change covered in the revenue procedure was added by …