TaxGuyBill
Level 15
12-29-2022
12:11 PM
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The change that I'm most interested in applying is the expansion of the "Saver's Credit" for low-to-mid-income taxpayers. It increased the threshold for 50% by a bit (MFJ was $41,000, but now it is $48,000), plus the phase down is slower and more gradual (MFJ was totally phased out at $68,000, but now it is $83,000).
EDIT: Oh crap, I just saw that doesn't start until 2027. What is up with that?
SECOND EDIT: Double crap. I was reading an older version. At first glance, the new law completely screwed up the Saver's Credit.