Don’t Miss These Important Tax Changes in 2023

There are lots of new tax law changes and updates for 2023 that you need to know about. The income tax brackets are much wider than for 2022 due to rising inflation. Inflation also led to changes in the income thresholds for long-term capital gains. Standard deduction amounts were also increased to account for inflation. Clean energy credits for alternative energy systems, energy-efficient home improvements, and electric vehicles have been completely revamped. 

Click here to read the article.

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.