retired but receiving Soc Sec, school pension and I receive Military retirement

[hurrike08]

My wife and I don't  work.  How will we be affected by any tax changes

[VincentL]

The Inflation Reduction Act of 2022 includes new tax provisions, extensions, and expansions of tax benefits related to energy efficiency and healthcare. I have included rates for 2022 and projected rates for 2023.

Tax Rate	Taxable Income (Single)	Taxable Income (Married Filing Jointly)
12%	$10,276 to $41,775	$20,551 to $83,550
22%	$41,776 to $89,075	$83,551 to $178,150
24%	$89,076 to $170,050	$178,151 to $340,100
32%	$170,051 to $215,950	$340,101 to $431,900

Projected 2023 Tax Rate Bracket Income Ranges

• 10% – $0 to $11,000.
• 12% – $11,000 to $44,725.
• 22% – $44,725 to $95,375.
• 24% – $95,375 to $182,100.
• 32% – $182,100 to $231,250.
• 35% – $231,250 to $578,125.
• 37% – $578,125 or more.