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News You Should Know

News You Should Know: IRS Announces New Tax Brackets for 2023

Tax Refund Check On top of Form 1040 and One Hundred Dollar Bill
Photo credit: Michael Burrell/Getty Images

IRS: Here Are the New Income Tax Brackets for 2023 | CNBC

The Internal Revenue Service has released updated tax brackets for 2023, which account for the rising costs of goods and services. The IRS is implementing a number of other tax adjustments as well, including increasing the standard deduction and the earned income tax credit. The changes take effect for the 2023 tax year, meaning returns filed in 2024.

401(k) Contribution Limits 2023: IRS Increases Amount You Can Save in Your Retirement Account | CNN Business

Another important change coming in 2023 is an increase in the amount of money employees can contribute to retirement accounts like 401(k)s and IRAs. The contribution limit will increase to $22,500 for 401(k), 403(b) and 457 plans, and $6,500 for traditional and Roth IRAs.

Noninvasive Blood Glucose Monitoring on Wearables is Nigh | Digital Trends

Wearable technology like smartwatches could soon be more helpful for people living with diabetes. Researchers say they’ve developed an accurate, non-invasive way to measure blood glucose that’s similar to how current smartwatches measure blood oxygen. More testing is needed before the technology can be use in commercially available products.

Grey Gap Year: The Over-60s With a Taste for Travel on a Budget | The Guardian

You’re probably familiar with the idea of a gap year, in which high school graduates take time off to travel and gain other life experiences before starting college. There’s now a growing trend of retirees taking a similar approach and venturing out on extended vacations on a shoestring budget — think staying at hostels and backpacking rather than going on a cruise or guided tours.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.


  1. Brenda Lynch says:

    They want people to put more in saving soyhey csn come up with a new way to tax it( steal it). But all the Democrats think this administration is so great. Socialism at work. Soon they will be giving everyone an allowance and pocketing everyone’s hard earned pay checks.

  2. Sandra Yukman says:

    Can’t afford traveling after paying for the always increasing PERACARE. They are trying to get us all off of the plan so they don’t have to spend OUR money to provide US HEALTHCARE!

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