IRS to combat inflation with new tax brackets | What it means for taxpayers
Published Date: 10/20/2022
Source: 11Alive
A new change at the IRS could put more money in your pocket next year. Thanks to inflation adjustments to 2023 federal income tax brackets, more of your wages earned next calendar year may be subject to lower tax rates than they were in 2022. More here: https://www.11alive.com/article/money/new-irs-rules-will-combat-inflation/85-ba5b79f6-75d4-43c9-a1b7-5f7e84aab574 "These changes mean how much more money you can earn, by paying less in taxes," tax accountant Andrew Poulos explained. These changes are for 2023, so it will be counted on the return you file in 2024. There's no impact on your 2022 tax return. -- 11Alive is Where Atlanta Speaks. We believe that news shouldn’t be a one-way conversation, but a dialogue with you. Join in, share your thoughts and connect with new perspectives. Subscribe to 11Alive for exclusive content: http://bit.ly/11AliveSubscribe Download our 11Alive News app: https://interactive.11alive.com/appredirect/ Text "plus" to 404-885-7600 to download 11Alive+ and stream 24/7 on Roku and Amazon Fire TV. Follow 11Alive on Social: Facebook: https://www.facebook.com/11Alive/ Twitter: https://twitter.com/11AliveNews Instagram: https://www.instagram.com/11Alive/