Here’s how much increases to the standard deduction could save you on taxes

USA TODAY - For more and to sign up click here Russell Falcon (NEXSTAR) — Did you know? Standard deductions for your 2022 and 2023 taxes are higher after the Internal Revenue Service raised them to account for inflation. That means the dollar amount taxpayers can hang on to will increase for many. The standard deduction is a flat amount filers can apply to their taxes instead of the more complicated itemized…