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The popular federal income tax break and tax brackets increased by more than usual for this year due to high inflation. Sean Locke Photography / Shutterstock.com
The federal government regularly adjusts everything from Social Security benefits to retirement account limits to account for inflation. The same goes for some key aspects of federal income taxes, including the standard deduction and tax brackets, which are the income ranges that determine your tax rate. And 2023 is no exception: Every standard deduction and individual income tax bracket has…
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