This chart provides a high-level summary of the 2023 key tax numbers to keep handy as you work through client engagements.:
Ordinary income tax brackets for individuals
Long term capital gains thresholds for individuals
Net investment income tax & Medicare tax threshold for individuals
Ordinary income tax brackets for estates and trusts
Long term capital gains brackets for estates and trusts
Marital deduction limits
Gift, estate, and GST tax exemption amounts
Annual exclusion amount
Section 2032A special use valuation