Announcements

New Inflation Adjustments: 2023 Updated Brackets, Standard Deductions and More

Amid rising inflation, the IRS has announced several changes coming for 2023, including higher federal income tax brackets and standard deductions. As the cost of food, energy and other essentials increase, the four-decade high inflation we’re currently experiencing could impact tax bills for many Americans next year. While tax rates are generally adjusted for inflation,

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