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The Inflation Reduction Act signed into law in August of last year provided a few new tax breaks that filers could take advantage of in the 2022 tax year. Increased credit for solar energy products
In an October announcement, the IRS outlined these changes for 2023: The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700, up $1,800 from 2022.
Here are the most important changes for tax filing in 2023. Tax Filing Date. ... But on Jan. 3, 2023, the IRS delayed implementation of this change until 2024. More From GOBankingRates.
Tax season is well underway once again. For those who got an early jump and already filed their 2022 taxes, it's never too soon to start thinking about your tax plan for 2023. While filers shouldn ...
There are many tax law changes to be aware of in 2023 and sometimes it can be difficult to keep up with all of them. Stay on top of the latest news and tax trends by signing up for e-News ...
However, unexpected — but not necessarily unfortunate — consequences of this year’s persistently high inflation rate will be higher-than-normal IRS adjustments in 2023, resulting in changes ...
“The most significant tax changes for 2023 are what I would consider low-key changes,” Williams says. In other words, he says, there is no major piece of legislation like the Tax Cuts and Jobs ...
In light of relentless inflation that has been exacting a toll on every aspect of life, there is some relatively good news for taxpayers. The Internal Revenue Service (IRS) recently announced the...
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