Every year, the Internal Revenue Service (IRS) makes changes regarding the Tax Brackets. For the 2023 Calendar year, the IRS provides tax inflation adjustments and it may increase Take-Home Pay. 

What You Need to Know:

- The IRS announced adjustments to all seven federal tax brackets for tax year 2023
- These adjustments will raise each bracket, which could lead to an increase in take-home pay and earnings would be taxed at lower rates.

Things to Consider:

- Revisit your paycheck withholding in your employee access
- Scan the QR Code to go to your Employee Access Sign-in

- Log in using your employee username and password
- Go to Employee Information>W-4 Information

For more information, please contact your tax advisor or refer to the sources below, as Uvalde CISD Payroll Department is unable to advise you.

Sources:

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023

https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/2023-tax-bracket-changescould-increase-workers-take-home-pay.aspx