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America's tax brackets are changing thanks to inflation. That will be welcome news for many people whose salaries haven't been keeping up this year with the highest price increases in four decades. The announcement of the tax-bracket shifts comes a week after the Social Security Administration revealed the largest inflation adjustment for fixed-income beneficiaries in a generation. Tax brackets move alongside the inflation rate , meaning the amount of tax you pay on your income gradually shifts in normal times . But the persistently high inflation consumers have been facing this year is anything but normal, so the tax brackets are moving up to offset that. The good news is, if your wages haven't risen enough, you'll likely fall into a lower tax bracket in 2023. Here's how that translates in dollar amounts The standard deduction for married couples filing jointly for the 2023 tax year rises to $27,700, up $1,800 from the prior year. For single taxpayers and marrie...

The Securities and Exchange Commission today adopted amendments to its rules to implement inflation adjustments mandated by the Jumpstart Our Business Startups (JOBS) Act. The SEC is required to make inflation adjustments to certain JOBS Act rules at least once every five years. The new thresholds will become effective when they are published in the Federal Register. Title I of the JOBS Act added Securities Act Section 2(a)(19) and Exchange Act Section 3(a)(80) to define the term "emerging growth company" (EGC). Pursuant to the statutory definition, the Commission is required every five years to index to inflation the annual gross revenue amount used to determine EGC status to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics. To carry out this statutory directive, the SEC adopted amendments to Securities Act Rule 405 and Exchange Act Rule 12b-2 to reflect within the EGC definition an inflation-adjusted annual...