Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
IRS Raises 2023 Standard Deduction, Tax Brackets Due to Inflation
Posted
October 19, 2022
Views
3,984
Likes
46
Comments
3
Engagement
October 19, 2022
3,984
46
3
1.23%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:10Now PlayingThe IRS on Tuesday released annual inflation adjustments to key aspects of the tax code that will apply for the 2023 tax year.
The adjustments, included in Revenue Procedure 2022-38, will generally apply to the tax returns that people will file in 2024, and reflect the fact that inflation has been high over the past year.
The standard deduction will rise to $13,850 for single filers, an increase of $900 from 2022, and will go up to $27,700 for married couples filing jointly, an increase of $1,800 from 2022, the IRS said.
Subscribe to our YouTube channel
Subscribe to our newest channel Quicktake Explained
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
