Your First Look At 2020 Tax Rates: Projected Brackets, Standard Deduction Amounts And More

Your First Look At 2020 Tax Rates: Projected Brackets, Standard Deduction Amounts And More

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The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by .1% for August, after rising .3% in July. Here’s what that means for taxpayers in 2020, together with a first look at predicted rates for the next year as calculated by Bloomberg Tax & Accounting.
The CPI measures the cost of goods and services – in other words, your cost of living. When…

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