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Here are new income tax provisions to watch for as you work through your 1040 form:
Inflation has pushed them up for the 2012 tax year, whether it's the standard income deduction (up $150 to $5,950 for single filers), the income limits for the earned income credit (up $1,192 for a family with three children filing jointly), or the mileage deduction (up 4.5 cents from the first half of 2011 to 55.5 cents per mile in 2012).
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