The IRS announced adjustments for 2023, which address a few key areas: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023.
What does that mean for you?
There are changes to capital gains tax rates, annual exclusion for gifts, estate tax exclusion, and more.
Have questions about the new rules? My office has 2023 tax resources that you may find helpful.
This material is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professional before modifying your tax strategy.
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