Tax Tips 2023: How to Prepare for Tax Day | Morgan Stanley

Tax Tips 2023: How to Prepare for Tax Day | Morgan Stanley


1 Source: Top tax complaints in U.S.: Some companies, wealthy don’t pay fair share | Pew Research Center

2 Note the IRS has announced tax relief provisions related to Hurricane Ian for taxpayers in Florida, North Carolina, and South Carolina. Learn more by reviewing IRS announcements: Help for Victims of Hurricane Ian

Source: Retirement Topics – IRA Contribution Limits | Internal Revenue Service (

4 Source: Rev. Proc. 2021-25 (

5 Source: Taxpayers should review the 401(k) and IRA limit increases for 2023 (

6 Source: Retirement Topics – Catch-Up Contributions

7 Source: IRS efile Tax Return and Refund Statistics for All Tax Years

8 A loss on stock or securities is subject to wash sale rules. If you acquire substantially identical stock or securities within 30 days before/after the sale that generated the loss, that loss cannot be used immediately for federal income tax purposes.

9 Source: Tax Refunds Are $3,651 on Average | LendingTree

10 Source: Survey: Less Than Half Of Americans Have Savings To Cover A $1,000 Surprise Expense | Bankrate


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Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.

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CRC#5367858  (01/2023)

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