How inflation will affect your 2022 and 2023 tax bills

Deductions, Federal Gift Tax, Federal Tax Deductions, Federal Taxes, Flexable Spending Accounts, Income Tax, Individual Income Tax, Inflation, Medical Deductions, Retirement /

The effects of inflation are all around. You’re probably paying more for gas, food, health care, and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s inflation-adjusted tax amounts for several provisions. Some highlights. Standard deduction. […]

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