The Internal Revenue Service (IRS) declares tax rate schedules, tax tables, and cost-of-living adjustments for certain tax items and provisions each year.
Additionally, federal law provides for inflation adjustments to many important categories used in personal, business, and financial planning — including tax brackets, deductions, exemptions, retirement plan contributions, Social Security benefits, and Medicare premiums.
You may find it as a link here: https://www.massmutual.com/digitalhub/AS8100e/ or download it as a PDF below.
If you have any questions and would like to schedule an appointment with me (by phone or in-person) you may get on my calendar at your convenience here: https://calendly.com/planningforgood/complimentary-initial-consultation-website
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*The information provided is not written or intended as specific tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel.