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IRS Tax Brackets 2023: Here s Why Your Take-Home Pay Next Year Could Be Bigger

The IRS this week announced higher federal income tax rates and standard deductions for 2023 amid skyrocketing inflation.

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Why millions of Americans may feel like they just got a tax cut

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.

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The IRS just changed its tax brackets That could lower your taxes

Tax agency wants to avoid "bracket creep," or when workers get pushed into higher tax brackets due to inflation.

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Your Paycheck Next Year Will Be Affected by Inflation Here s How

If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.

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Your paycheck next year will be affected by inflation: Here s how

Even if you get a sizable raise next year, you won t necessarily take home more money.

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