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Tips to Save on Groceries and Navigate Tax Season

NerdWallet's Smart Money Podcast

CHAPTER

Tax Filing Updates and Deductions

This chapter covers updates for the 2023 tax year, including information on the IRS free file program and the launch of Direct File software. It discusses the standard deduction, student loan interest deduction, and how tax rates and brackets work, debunking the misconception around raises being entirely eaten up by taxes. The hosts provide insights on filing statuses and illustrate how tax rates are applied based on income levels.

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