Inflation Adjusted Amounts for 2020

Cross References
- Rev. Proc. 2019-44
- Notice 2019-59

Each year, a number of provisions in the Internal Revenue Code (IRC) are adjusted for inflation. The IRS recently released the inflation adjusted amounts for 2020. The following chart highlights a number of these adjustments, as they compare to the 2019 and 2018 amounts. A more complete list will appear in Tab 1 of the 1040 Edition/Deluxe Edition of TheTaxBook.

See printable version for the chart and remainder of article.