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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. ... you may receive Form 1099-K. Prior to 2022, Form 1099-K was issued only if the total number of transactions exceeded 200 and the ...
Tax brackets are also expected to see a big change in 2023. For individual taxpayers and married separate filers, these are the projected tax brackets for 2023: Earnings of $11,000 or less : 10%
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 ...
As the New Year arrives, financial advisors should be looking ahead to 2023, understanding what tax changes will impact clients and what they can do to plan ahead. For financial advisors, the 2023 ...
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