We've talked a lot about the rising cost of just about everything this year: food, energy (including gas) and health insurance to name a few.

In fact, inflation rose 3.8% this year, that's up from 1.4% last year, and far greater than the 0.18% inflation used to set the 2010 tax amounts.

Fortunately for us, the IRS has noticed too.

So how will these changes affect your bottom line? Let's take a look at the biggest changes you need to know about...

Next: New Tax Brackets for 2012