EXCISE TAX

Rev. Proc. 2012–41, page 539. This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1, the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.