Inflation adjustments for 2012 taxes

Real Estate Tax Talk

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

Every year the Internal Revenue Service adjusts for inflation tax brackets, tables, exemptions, thresholds and other items. In recent years these annual adjustments have been minimal because inflation has been very low. This pattern holds true for 2012. Here are the major adjustments for 2012:

–The value of each personal and dependent exemption, available to most taxpayers, is $3,800, up $100 from 2011.