Tax Inflation $-$Standard Deduction$-$ More income can be retained for the taxpayer

Detail the specific changes that have occurred. This could include changes in t standard deductions, and other tax provisions that are adjusted for inflation.

Explain when these changes were implemented and the legislative background $($e$.$g$.,$ specific acts or amendments$).$

Impact of These Changes

Analyze how these changes affect individuals and businesses.

Provide examples to illustrate the impact.

Tax Planning Opportunities

Discuss strategies that individuals and businesses can use to take advantage of these changes.

Provide real$-$world scenarios or case studies.

Conclusion