IRS releases tax rate schedules for 2023 tax year

WASHINGTON, D.C., November 25, 2022—The Internal Revenue Service announced in October the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy related tax breaks and indexed […]