Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households.

Each fall — typically in October or November — the IRS announces inflation adjustments that affects everything from the tax brackets people are subject to based on their income to the size of the standard deduction. Some experts are already projecting those changes by analyzing the same inflation data the tax agency uses as part its annual reset.

Based on that analysis, the IRS is likely to apply an inflation rate of 2.7% in adjusting its brackets and other items, according to Bloomberg Tax . It based its projection on chained Consumer Price Index data for the past 12 months.

Separately, the bottom two

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