Relevant retirement news? Similar to the income planning-related news released two weeks ago on Social Security benefits for 2023, because of the highest inflation rates in years, last week, the IRS announced higher federal income tax brackets and standard deductions for 2023.
Because of higher inflation in 2022, the IRS has boosted the income thresholds of each tax bracket for next year, applying to tax the year 2023 for returns filed in 2024. The standard deduction will increase to $27,700 for married couples filing jointly and $13,850 for single taxpayers. Click here for more!
If you have $500K or more and would like a partnership with a firm to help you manage your investments and financial plan as in these videos, click on this link to connect with our advisors: https://click2retire.com/IRSincreases2023
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.
The Charlie Kirk Show
Charlie is America's hardest working grassroots activist who has your inside scoop on the biggest news of the day and what's really going on behind the headlines. The founder of Turning Point USA and one of social media's most engaged personalities, Charlie is on the front lines of America’s culture war, mobilizing hundreds of thousands of students on over 3,500 college and high school campuses across the country, bringing you your daily dose of clarity in a sea of chaos all from his signature no-holds-barred, unapologetically conservative, freedom-loving point of view. You can also watch Charlie Kirk on Salem News Channel