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Fairman Group Reviews IRS Annual Inflation Adjustments

The IRS recently announced annual inflation adjustments to several tax provisions for tax year 2023. These changes are applicable to returns that will be filed in year 2024. It is important to know how changes in the tax rates and taxable income thresholds affect your personal situation. The most notable changes are listed below for single and married filing jointly filers and estates and trusts, in comparison to tax year 2022.

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Markitects, Inc.



    Above the Historic Anthony Wayne Movie Theater

    107 W. Lancaster Avenue, Suite 203

    Wayne, PA 19087