Leading Tax Accountant of Chicago, IL, Shares Key Retirement and Tax Numbers For 2023

Tax law and liabilities change annually, and 2023 is no different. The IRS has released new cost-of-living adjustments. Badu’s fiscal advisement blog covers a few of the new changes.

“Each of these changes can have real effect on a tax liability. Be sure to contact my office if you have an interest in learning more about these changes,” said Badu.

The first of the big changes is on estate and gift taxes. The tax exclusions have gone up this year for tax filers.

The second of the biggest changes is in itemized deductions and standard deductions. Both have risen for the coming year. Standard deductions for the blind and those over 65 have also gone up. However, certain rules are still applicable for anyone who can be claimed as a dependent.

Badu offers accounting services in Chicago, Illinois. His extensive work and understanding of the tax code at federal, state and local levels gives him an understanding that saves money and limits tax liabilities.

“If you are looking for someone to file your 2022 income taxes, do contact me. My team and I are always willing to take on new clients. We handle all of your tax services here in Chicago IL,” continued Badu.

Jeff Badu is a certified public accountant offering tax preparation services in Chicago, Illinois. His website offers additional information for interested clients. Visit www.badutaxservices.com to learn more or to schedule a consultation.

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