The highest inflation in nearly 40 years might mean increased taxes for millions of Americans

"Bracket creep" pulls taxpayers into higher income bracket

The IRS increases federal income tax brackets for inflation,

but a Tax Foundation investigation indicates 22 states

 At least one key unindexed provision which might mean increased taxes for millions of residents

Bracket creep occurs when inflation, not increasing actual earnings,

pulls more of a person's income into higher tax rates

However, the impact is particularly relevant during periods of high inflation