It's set such that the 70% of taxpayers will qualify [1]. Though not explicitly tied to inflation, it tends to go up with inflation as wages rise. [1] https://

It's set such that the 70% of taxpayers will qualify [1]. Though not explicitly tied to inflation, it tends to go up with inflation as wages rise. [1] https://www.irs.gov/pub/irs-utl/Eight%20Free%20File%20MOU.pdf https://www.irs.gov/pub/irs-utl/Eight%20Free%20File%20MOU.pd...