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- Clark Biweekly 10 9 23
Clark Biweekly 10 9 23
Anthony Hazzard
October 09, 2023
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💵 IRS Announces Tax Brackets for 2023
The brackets are out!
No, not the fun kind we fill out for March Madness. The 2023 federal income tax brackets.
The IRS announced that it raised the income thresholds and standard deductions for each tax bracket from 2022 to ’23.
Here’s a quick look at some of the adjustments:
Standard deduction for married couples filing jointly: $25,900 (2022) to $27,700 (2023)
Standard deduction for single filers: $12,950 (2022) to $13,850 (2023)
22% bracket, married filing jointly: $89,451-$190,750 (up from $83,550-$178,150)
24% bracket, married filing jointly: $190,751-$364,200 (up from $178,150-$340,100)
Here’s a full look at the 2023 federal income tax brackets and rates.
💵 Today’s Top Stories
 | Even if you’re not using a credit card, don’t stash it in a drawer and forget it or cancel the card. Do this instead so you keep your credit score as high as possible. Read more. |
 | Data pinpoints this airline as the cheapest, by far, for last-minute domestic flights. Last-minute Delta flights are more than twice as expensive. Read more. |
 | Clark’s long-held prediction of a slow improvement in the vehicle market in terms of pricing has come true. But a big auto worker strike is threatening to temporarily bump prices. Read more. |
 | Want quality headphones that also save you money? Here’s how, where and when to score the best deal according to our research. Read more. |
 | With big players like AT&T and Verizon raising prices, now is the time to switch your cell phone service to a much cheaper option. Here are the Clark-approved plans to consider. Read more. |
📊 Stat of the Day
💸 336,000: Jobs that U.S. employers added in September, the Labor Department announced Friday. That signals a much hotter job market, as the consensus expectation leading into Friday sat at 170,000. It’s the biggest job growth since January, sparking a Wall Street Journal website heading that read, “Hiring Surge Keeps Door Open for Fed to Increase Rates.”
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
It's time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, as the weather is starting to cool, heating bills can really heat up. Luckily, there are several meaningful things you can do to help cut your energy costs.
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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