2023 Inflation Adjustments

Published: Dec. 1, 2022, 6 p.m.

Inflation over the past year or so has not been good for our pocketbooks, but there are some hidden benefits in the form of tax savings. This podcast discusses the tax rate and other tax changes for 2023 that are directly tied to inflation.\n\nThis podcast explains the tax impact of personal casualties, disasters, and theft. We cover personal losses only. Business or income-producing losses have different rules.\n\nHawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses, and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.\n\nListen to more of the Tax Insights Podcast at hawkinsashcpas.com/cpa-hq/podcast/