This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
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…
More from my site
Dr. Doom Says Debt Ceiling Debate Could Reach ‘Last Hour’
Here’s How to Protect Your Savings if the Economy Turns
3 Signs You’re Saving Too Much for Retirement
5 Ways to Save Money on Gas
Personal Loan vs. Credit Card: How Does Each Option Stack Up?
You Won’t Believe What This Bank CEO Earns After a 30% Pay Cut
