Tax Planning Guides

Home Publications Tax Planning Guides Tax Planning Guide 2023

Tax Planning Guide 2023


Even as the pandemic persisted, taxpayers were faced with the highest annual rate of inflation in four decades, pressuring both individuals and businesses trying to keep up with rising prices. On the bright side, inflation triggered significant increases on dollar limits for everything from Social Security payments to retirement plan contribution limits.

These inflation-triggered changes, as well as new tax provisions contained in the recently enacted Inflation Reduction Act, make it necessary to review your investments, estate plans, retirement and business strategies.

When this booklet went to press, Congress had just passed new legislation affecting taxes, but the IRS had not yet published all final rules regarding the new law.

We urge you to consult your tax professional, who can work with you to ensure your strategies consider these changes as you take steps to ensure a financially secure future.

Tax Planning Guide 2023