Income

2023 Income Tax Brackets: Advice & FAQs for Forex Traders

5 min read

2023 is set to bring changes to the income tax brackets in the Forex market. The United States is expected to introduce two new tax brackets for individuals – the lowest at 12% and the highest at 37%. The new rates are projected to affect high-income earners, with most lower- and middle-income Americans paying the same percentage as before. This could potentially impact profits or losses for those who engage in Forex trading and other investments. It’s important to familiarize yourself with these changes to understand how they may affect you and your Forex profits.