What income will you not pay tax on in the US in 2023? Must know!

2023 has begun, the upcoming tax season in the United States for tax filers.

[{"selector":"#anim-0277ef3a-830d-4463-b88d-12733572e7e9","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] CREDIT GETIMAGE

[{"selector":"#anim-165a46c7-1d1d-4488-80a2-748c530e1668 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Here's what you need to know about the updated standard deduction threshold for 2023 to start tax filing. Here's what you need to know about the updated standard deduction threshold for 2023 to start tax filing. CREDIT GETIMAGE

[{"selector":"#anim-26b4fa0c-90a6-437b-9f1d-063ba4be3419 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 'Standard Deduction' is the income limit below which you do not have to pay tax on your income. 'Standard Deduction' is the income limit below which you do not have to pay tax on your income. CREDIT GETIMAGE

[{"selector":"#anim-a5718cce-3809-4916-a0dd-796c37b53b3c","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-932faf9b-10cb-4d38-a8f5-925f231b71b5","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The IRS has raised the standard deduction limit for 2023. The IRS has raised the standard deduction limit for 2023. CREDIT GETIMAGE

1. alone; or married and filing separately - $13,850

[{"selector":"#anim-41e94746-c905-4561-a8c4-0b833211caa2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] CREDIT GETIMAGE

2. Married filing jointly and surviving spouse - $27,700

[{"selector":"#anim-8a57593b-9951-4a88-aa41-d5ab2c79b07c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1ab5b9ff-ae06-4d87-89b1-43fd62c66bf6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CREDIT GETIMAGE

3. Head of Household - $20,800

[{"selector":"#anim-6de00e54-7784-4fce-9a8b-338e90158ade [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] CREDIT GETIMAGE

[{"selector":"#anim-4f30b86b-2525-4d58-9cc6-85a6a081953e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] If your earnings are below the above limits, you will not be required to file a tax return in 2023. If your earnings are below the above limits, you will not be required to file a tax return in 2023. CREDIT GETIMAGE

What income will you not pay tax on in the US in 2023? Must know!

[{"selector":"#anim-a97ce7c1-8cf5-4723-8e80-de4ffb8e9b3c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6a8a8bf-f679-44e4-9702-c11ab26dac46","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e90d6d05-e283-40db-8c97-ef1df1f5c3e3","keyframes":{"transform":["translate3d(977.27204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d22e2ddf-6520-4e10-aa47-dab28cef116a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-d3afebd4-0fb1-4681-98a5-ee8cd8727a57","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-655a81ff-6c04-4b83-9d49-75fcd39e6c9d","keyframes":{"transform":["translate3d(-148.27585%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96a4f076-c5d7-4f85-a244-4937d281a675","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aee4c790-6851-4eb4-99bf-e47f36cd7134","keyframes":{"transform":["rotate(-8deg) translate3d(-181.8182%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-19812413-32c7-4521-9b95-507e18d03866","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-329049bf-48bc-4317-ad91-d1e4c48c4579","keyframes":{"transform":["translate3d(-349.99972%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79c97927-17c7-4141-8af6-a2b06891ee32","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e124ee87-f2be-4354-8c12-3988ad33a8b7","keyframes":{"transform":["translate3d(-168.42106%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-751ecffc-81f2-4e4b-8c66-c6d364fb236c","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28b71727-ddcf-458c-a2d7-5b39a30fee16","keyframes":{"transform":["translate3d(153.44826%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5a0740b-6c3a-46e6-bf4a-2242e31cb5ca","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-893125a7-32af-416e-a8af-2db3f2240960","keyframes":{"transform":["rotate(-8deg) translate3d(184.09095%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Next steps Learn more

What income will you not pay tax on in the US in 2023? Must know!

hindkunj.com

2023 has begun, the upcoming tax season in the United States for tax filers.

2023 has begun, the upcoming tax season in the United States for tax filers.

1. alone; or married and filing separately - $13,850

1. alone; or married and filing separately - $13,850

2. Married filing jointly and surviving spouse - $27,700

2. Married filing jointly and surviving spouse - $27,700

3. Head of Household - $20,800

3. Head of Household - $20,800

What income will you not pay tax on in the US in 2023? Must know!

3

share the story

A

click here for more information