America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new…
Read more IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.People can contribute up to $22,500 in 401(k) accounts and $6,500 in IRAs in 2023, the IRS said Friday. For 401(k)s, that’s an almost 10% increase from 2022’s…
Read more IRS sets new 401(k) limits — investors can save a lot more money in 2023The numbers: The U.S. federal budget deficit fell to $1.37 trillion in the just-ended fiscal year, the Treasury Department said Friday, half the amount of last year’s shortfall.…
Read more U.S. budget deficit halved in fiscal 2022 as receipts surge, COVID spending fades
