2012 Inflation Adjusted and Pension Plan Amounts

New 2012 Inflation Adjusted Amounts In order to keep pace with the rise of inflation, the IRS adjusted dozens of tax benefits for 2012. The following are some of the affected items: Personal and Dependency Exemption - $3,800 (up $100 from 2011) Standard Deduction - $11,900 for married couples filing a joint return (up $300) $5,950 for singles and married individuals filing separately (up $150), and $8,700 for heads of households (up $200) Tax bracket thresholds will increase for ...