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Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.
We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.The fact that we have to pay our taxes every year is one thing that famously never changes. And while there are plenty of, it's more often significant changes in your own life that can alter the process. But now, the Internal Revenue Service has announced a set of major changes for next year.
The new rate for individual income between $182,101 and $231,250 is 32 percent, while people earning between $231,251 and $578,125 fall into a 35 percent rate. It tops out with those who take in $578,126 or more in 2023 paying 37 percent. The complete list of updated brackets and rates—including those for married couples filing jointly or separately—can be found on the agency's website.But it's not just your income bracket that could be changing for this year. In a press release on Oct.
"The plan is to roll it out in increments that get larger and larger, consistent with how products like this are rolled out in the private sector," IRS Commissioner5 Tax Filing Software Programs That Are FreeSmarter LivingMarch 23, 2023
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