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IRS Says It's Boosting Tax Brackets Due To Faster Inflation

WASHINGTON, D.C. (CBSNEWS.COM) — The IRS said the income thresholds for tax brackets will be higher in 2022, reflecting the faster pace of inflation. That means a married couple will need to earn almost $20,000 more next year to enter the top tax bracket, with the tax rate set to remain at 37%.

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