This depends on your specific tax circumstances. Review the following:
Projected 2023 Tax Rate Bracket Income Ranges
- 10% – $0 to $22,000.
- 12% – $22,000 to $89,450.
- 22% – $89,450 to $190,750.
- 24% – $190,750 to $364,200.
- 32% – $364,200 to $462,500.
- 35% – $462,500 to $693,750.
- 37% – $693,750 or more
The Act created a new nondeductible one percent excise tax on stock repurchases of publicly traded corporations.
I did not find a change specific ESOP in the law.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
