IRS Provides Tax Inflation Adjustment for Tax Year 2023

WASHINGTON — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022- 38PDF provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy related tax breaks and indexed for inflation the energy efficient commercial buildings deduction beginning with tax year 2023. For tax year 2023, the applicable dollar value used to determine the maximum allowance of the deduction is $0.54 increased (but not above $1.07) by $0.02 for each percentage point by which…

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Honor

HONOR…DAR Washita Chapter recently presented General Thomas P. Stafford with a Quilt of Valor. Pictured are Evelyn Hart, General Thomas Stafford, Carol Ann Batterton and

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Honored

HONORED…On Monday, November 21, 2022, the Daughters of the American Revolution, Washita Chapter presented Lt. General Thomas P Stafford with a Quilt of Valor at

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