Epoch Times - IRS Good News 💰
Aired: 2023-11-14
Duration: 00:40

[00:00:00]  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.
[00:00:10]  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.
[00:00:17]  And that is, of course, on top of all the other inflation-related costs that Americans are shouldering.
[00:00:22]  Regardless of that, though, let's break down exactly what the statement from the IRS actually said.
[00:00:27]  To start with, as they do pretty much every single year, the IRS disclosed their annual inflation adjustments.
[00:00:33]  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.