Taxes

IRS Modernization Bill Approved by Senate Panel

IRS July 31, 2026 

IRS Modernization Bill Approved by Senate Panel

“This bipartisan bill modernizes and streamlines IRS operations, strengthens taxpayer rights, and delivers a more taxpayer-first system,” Senate Finance Chairman Michael Crapo, R-Idaho, said.

 Projected 2023 Income Tax Rates

September 18, 2022 

Projected 2023 Income Tax Rates

Inflation adjusted amounts in the tax code will increase by roughly 7.1% from 2022, more than double last year’s increase of 3%, according to the 2023 Projected U.S. Tax Rates forecast.

Isaac M. O'Bannon