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The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.
The Consolidated Appropriations Act, 2023 is a $1.7 trillion omnibus spending bill funding the U.S. federal government for the 2023 fiscal year. [1][2] It includes funding for a range of domestic and foreign policy priorities, including support for Ukraine, defense spending, and aid for regions affected by natural disasters.
Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
During FY2017, the federal government collected approximately $3.32 trillion in tax revenue, up $48 billion or 1.5% versus FY2016. Primary receipt categories included individual income taxes ($1,587B or 48% of total receipts), Social Security/Social Insurance taxes ($1,162B or 35%), and corporate taxes ($297B or 9%).
Wider Tax Brackets. Experts say there was a big adjustment to the federal income tax brackets in 2023 due to inflation, CNBC reported. Rates didn’t change, but there was a 7% increase in the ...
Further Continuing Appropriations and Extensions Act, 2023 H.R. 1437: Dec 23, 2022 Dec 30, 2022 Continuing resolution Further Additional Continuing Appropriations and Extensions Act, 2023 H.R. 4373: Dec 29, 2022 Sep 30, 2023 Omnibus bill Consolidated Appropriations Act, 2023: H.R. 2617: 2024 United States federal budget: Oct 1, 2023 Nov 17, 2023
EITC CTC 2023 Filing Season. The enhanced CTC was not extended and returns to $2,000 per child dependent for the 2022 tax year, down from $3,600 last year. The other big change to the CTC is that ...
The United States federal budget for fiscal year 2024 runs from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.