By Jasmine Browley· Updated November 11, 2022
The IRS announced it is making changes to many of their rules to help absorb inflation impact, which includes shifts to 2023 income tax brackets and adjustments to standard deductions. This could lead to big savings for taxpayers.
As explained by CBS news, higher limits spell out “bracket creep” avoidance which can affect workers whose pay was slightly boosted to account for cost-of-living increases.
Taxpayers
