I need help with the second part of this question: What are these new taxes paying for?

Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help.

The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax rate.

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answer; (true);