IRS Announces Adjusted Tax Rates and Benefits

Revenue Procedure 2011-12 sets forth the adjusted tax rates and benefits for 2011. The qualified parking fringe benefit remains at $230.

Document Excerpt

This revenue procedure sets forth inflation adjusted items for 2011. Other inflation adjusted items for 2011 are in Rev. Proc. 2010-40, 2010-46 I.R.B. 663 (dated November 15, 2010).  

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