• Posts by Bruce A. Rawls
    Bruce Rawls

    Bruce Rawls practices in the firm's Business section, concentrating on tax and business planning.

    In addition to membership in the Alabama State Bar, he is a member of the State and Local Taxes Committee of the American Bar ...

The IRS has issued Revenue Procedure 2022-38, which sets forth inflation-adjusted items for various provisions of the Internal Revenue Code which will be applicable in 2023. Here are some of the highlights:

Income Tax Adjustments. Below is the tax table applicable to married individuals filing joint returns (and “Surviving Spouses”), for tax years beginning after December 31, 2022:

If Taxable Income Is

The Tax Is

Not over $22,000

10% of the taxable income

Over $22,000 but not over $89,450

$2,200 plus 12% of the excess over $22,000

Over $89,450 but not over $190,750

$10,294 plus ...

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