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Young on 2006 Inflation Adjustments to Individual Deductions, Exemptions, and Tax Rate Tables

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James C. Young (Northern Illinois University, Department of Accountancy) has published A Summary of 2006 Inflation Adjustments Impacting Individuals:  Standard Deductions, Exemptions (and Phase-Outs), Itemized Deduction Limitations, and Tax Rate Schedules, also available on the Tax Analysts web site as Doc 2005-19011, 2005 TNT 179-39.

Update:  See CCH’s computations of the inflation adjusted 2006 figures here.  (Hat tip: Tax Guru.)


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