Nov. 14, 2023 - Epoch Times
00:40
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| Time | Text |
|---|---|
| The IRS released a new statement, which actually contains some good news, given the fact that Americans will be saving hundreds or even potentially thousands of dollars on their taxes this upcoming year. | |
| Which is great, and it's just in time for the approaching Thanksgiving, which, for your reference, is said to be the most expensive meal in the history of the holiday. | |
| And that is, of course, on top of all the other inflation-related costs that Americans are shouldering. | |
| Regardless of that, though, let's break down exactly what the statement from the IRS actually said. | |
| To start with, as they do pretty much every single year, the IRS disclosed their annual inflation adjustments. | |
| That's because as inflation increases and the value of the money in our pockets decreases, the IRS makes yearly adjustments to accommodate for that change. |
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