IR-2020-245, October 26, 2020 WASHINGTON – The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.  Revenue Procedure 2020-45  PDF  provides details about these annual adjustments. Highlights of changes in Revenue Procedure 2020-45 The Consolidated Appropriation … Continue reading IRS provides tax inflation adjustments for tax year 2021: What You Need to Know