By factoring inflation into the tax rates and certain other amounts, the law protects taxpayers from losing the value of various benefits. Each fall, the IRS issues two documents detailing the results of these adjustments for the coming year:

• IR-2007-172, 2008 Inflation Adjustments Widen Tax Brackets
  
  
• Revenue Procedure 2007-66 — tax rates, standard deductions, exemptions and more than 30 other items for 2008 

Related Items:

• IR-2006-162 — pension plan limitations for 2007
  
  

• Revenue Procedure 2006-53 — tax rates, standard deductions, exemptions and more than 30 other items for 2007
  
  

• IR-2005-120 — pension plan limitations for 2006
  
  
• Revenue Procedure 2005-70 — tax rates, standard deductions, exemptions and other items for 2006
  
  
• IR-2004-127 — pension plan limitations for 2005
  
  
  
• Revenue Procedure 2004-71 — tax rates, standard deductions, exemptions and other items for 2005
  
  
• IR-2003-122 — pension plan limitations for 2004
  
  
• Revenue Procedure 2003-85 (PDF 156K) — tax rates, standard deductions, exemptions and other items for 2004
  
  
• Inflation-adjusted items for 2003