The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2023.
Latest Blog Posts
2022 2023 401k 403b 457 IRA FSA HSA Contribution Limits
The 2023 contribution limits for 401k/403b/457 plans and Traditional/Roth IRA will go up substantially due to high inflation.
2023 2024 2025 Medicare Part B IRMAA Premium MAGI Brackets
You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. Here are the IRMAA income brackets for 2022 2023, and 2024.
Guide to Money Market Fund & High Yield Savings Account (2023)
The yield on a money market fund adjusts to the current market. You aren’t at the mercy of a bank’s decision to catch up or stay behind.
Calculator: How Much of My Social Security Benefits Is Taxable?
Use this online calculator to see how much of your Social Security benefits is taxable and how much of it is tax-free.
Random Thoughts From a Month-Long Trip to Switzerland
Switzerland has made great achievement in the world as such a small country. What made it so successful and what can we learn from it?
ACA Premium Subsidy Cliff Turns Into a Slope Through 2025
The Inflation Reduction Act extended the ACA premium subsidy cliff to a slope through 2025. The cliff will return in 2026 unless a new law is enacted.
2022 2023 ACA Health Insurance Premium Tax Credit Percentages
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.
An Unusually High Marginal Tax Rate Means Paying Lower Taxes
An unusually high marginal tax rate isn’t a problem. You’re rewarded with paying lower taxes. You live on after-tax dollars, not rates.
How to Split an Existing I Bond for Multiple Beneficiaries
You can name only one beneficiary on a savings bond. If you’d like to name two or more beneficiaries, you have to split your bond into multiple parts.