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New 2023 IRS Income Tax Brackets And Phaseouts

Por: Forbes Business November 23, 2022

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Each year, the Internal Revenue Service (IRS) makes rounded inflationary adjustments to the federal income tax brackets and the income phase-outs for various tax deductions and tax credits. Although IRS Publication 17, , and IRS Publication 970, , won’t be updated until 2023, the IRS usually publishes the updated numbers in a in late October or early November. Tax Brackets The tax-rate tables include seven tax brackets, with the following... + full article



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