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New IRS tax brackets and standard deduction could save families hundreds or even thousands of dollars. Now, for the bad news.

Por: MarketWatch Politics October 21, 2022

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Why so? The large upward adjustments could create a chance to hold onto more cash when you file you 2024 tax return on next year’s income. “‘From a strictly tax perspective, yes, they have some tax savings. The bad news is wages stayed stable when everything else increased.’” — Tax attorney Adam Brewer The payout on the standard deduction is jumping 7% from 2022 to 2023, The standard deduction becomes $27,700 for a married couple... + full article



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