Tag: Finance/Treasury Department

IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.

[ad_1] America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their…

Oct 22, 2022 · 1:48 PM

Breaking News

IRS sets new 401(k) limits — investors can save a lot more money in 2023

[ad_1] 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…

Oct 21, 2022 · 9:41 AM

Breaking News

U.S. budget deficit halved in fiscal 2022 as receipts surge, COVID spending fades

[ad_1] The 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…

Oct 21, 2022 · 7:39 AM