New year, new tax updates. What you need to know for 2020
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It’s never too early to resolve to save more for retirement and trim your tax bill.
The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan at work to the individual income tax brackets that help you determine your tax rate.
See below for your new tax bracket in 2020.
Pay attention to your standard deduction for the…