Are you ready to file your taxes? Here's everything you need to know to file taxes in 2023.

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The Internal Revenue Service started accepting and processing tax returns on Monday, Jan. 23. Employers are required to send you your W-2 by Jan. 31. Most 1099 forms are due by the end of January as well. Taxes are due by April 18 but aren't due until May 15 for residents in parts of California impacted by recent storms. If you're granted an extension, you'll have until Oct. 16 to file.
A tax bracket is a range of incomes subject to a particular income tax rate. The IRS adjusts tax brackets every year to account for inflation, so the threshold for each of the seven tax brackets increased from 2021 to 2022. The IRS has already released tax brackets for this year that will be filed in 2024 based on average annual chained consumer price index from August 2021 to 2022, a period of historically high inflation.