Death and Taxes you say are the only sure things in life!!

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From William Perez, your Guide to Taxes This week we start to take a look at various updated tax figures recently released by the IRS. Income Tax Brackets for 2012  The IRS has updated the income tax brackets, the ranges of income to which the various tax rates apply. For 2012, the tax brackets have broadened slightly due to the IRS's inflation-indexing adjustments. See More About:  2012  tax rates  Standard Deduction Increased for 2012  Each year the IRS adjusts the standard deduction (and other tax figures) based on inflation. For 2012, the standard deduction will be $5,950 for single persons, up from $5,800 for 2011. See More About:  tax deductions  standard deduction  Personal Exemptions also increased  For 2012, the personal exemption amount will be $3,800, up from $3,700 for 2011. See More About:  personal exemptions  tax deductions