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2023 Tax Filing

Posted on 2/6/24 at 10:45 am
Posted by Nu Iota Prophet
Texas
Member since Jul 2012
113 posts
Posted on 2/6/24 at 10:45 am
Anyone else seeing a shift in your prep filing of 2023 taxes?

I'm noticing preliminarily that I owe considerably for 2023 whereas 2022 returned a refund to me. No shift in income.

Even with the income thresholds for the 2023 tax brackets adjusted significantly (up about 7% — from 2022 due to record-high inflation) it's rather astonishing the YoY swing.
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