With inflation (CPI) running a hot 8.3% for the twelve months ended in August, the Federal Government is busy adjusting numerous spending & tax parameters for the new year. Social Security is leading the way with a 8.7% cost-of-living adjustment for 2023. Here are some of the other changes due to inflation: IRS tax bracket “break points” are going up 7.0%, on average. The standard … Continue reading IRS Changes Don’t Keep Up With Inflation