JANUARY 20, 2022 INSIGHTSINVESTMENTS
Inflation has been one of the biggest economic stories of 2021 – mostly with scary implications, but there are some positives associated with it as well. The IRS has made changes for 2022 in response to inflation, and many of them have positive ramifications for taxpayers. Here's a summary of the changes that are most likely to affect you:
There are other revised tax rates pegged to inflation that might also have an effect on your planning. Talk with our team if you have any questions on how to plan for 2022 amidst these changes, or any personal life changes you anticipate that could affect your tax filing.
Baird does not offer tax or legal advice.
The information reflected on this page are Baird expert opinions today and are subject to change. The information provided here has not taken into consideration the investment goals or needs of any specific investor and investors should not make any investment decisions based solely on this information. Past performance is not a guarantee of future results. All investments have some level of risk, and investors have different time horizons, goals and risk tolerances, so speak to your Baird Financial Advisor before taking action.