The IRS adjusts tax brackets every year, but they’ve made some even bigger thresholds for 2023 which should give some relief to millions of American taxpayers.
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Timestamps
Intro (0:00)
#1 – New Tax Brackets (0:52)
Interesting Note(3:00)
#2 – New Standard Deduction Amounts (5:06)
#3 – New Capital Gain Thresholds (6:38)
#4 – Positive Changes Affecting Business Owners (8:14)
#5 – How These Changes May Impact You (9:41)
Example (10:39)
In this video what I want to do is go over some important 2023 tax updates such as
– New tax brackets
– New standard deduction amounts
– Capital gains thresholds
& Some other updates (that may impact your 2023 tax returns)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
