We are quickly approaching the end of 2022, and there are many important financial planning items you should consider! In some cases, these items could be annual limits that change each year, items that are easily forgotten, or items that are not maximized. Given the variety of sources that report relevant numbers, it can be difficult to find a consolidated reference. In response to this challenge, they’ve provided you with a consolidated document of “Important Numbers” to consider for 2023 to serve as a reference for the upcoming year.

In these final weeks of the 2022, please utilize their checklist – “Issues to Consider At The End of 2022.”

• Income Tax Rates

• AMT Annual Limits

• Capital Gains Tax Rates

• Standard Deductions for Married Filing Jointly (MFJ) and Single

• Social Security Annual Limits (including earning limits)

• Total Retirement Plan Annual Contribution Limits

• Medicare Part B Premium Surcharges

• Traditional and Roth IRA Annual Limits

• Education Tax Credits

• Estate and Gift Tax Annual Limits

• Health Savings Account (HSA) Annual Limits