(573) 636-5338 info@civic-cu.org

Taxable Income – An Inflation Response

Taxable Income – An Inflation Response

In case you missed it, inflation has bumped up prices for food, energy, and fuel. For the 2023 Tax Filing Season, the Internal Revenue Service has made some inflation adjustments that can help.

Here’s Some That Will Affect You:

What’s Changed
Federal income tax thresholds have increased by roughly 7% by bracket.

How Does It Affect Me
These increases will allow many to stay in a lower tax bracket.

What’s Changed
Standard deductions have increased across all filing statuses.

How Does It Affect Me
Single and Married Filing Separately: The standard deduction will increase by $900. ($13,850)
Married Couples Filing Jointly: The standard deduction will increase by $1,800. ($27,700)
Head of Household/Ages 65 and Up: The standard deduction will increase by $1,500. ($20,800)


In 2023, a married couple filing jointly could make a maximum of $89,450 to remain in the 12% bracket, compared to $83,550 in tax year 2022.


These increases and additional credits will allow taxpayers to reduce their taxable income and keep more income in their pockets.

See all Tax Bracket Adjustments and changes at irs.gov/newsroom

Apply for Our Scholarship

Apply for Our $1,000 Scholarship

Entries must be received by Friday, April 14, 2023.

Civic Central Credit Union will once again award three $1,000 scholarships to selected student members.

Eligible Applicants:

  • Civic Central Credit Union Members
  • Enrolled Full-Time in an Accredited College or Trade School in Fall 2023
  • Did Not Win a Scholarship in 2022

To Enter, Submit a Typed Essay

In 500 words or less describe:

  • Yourself, the school you plan to attend, and the reason you chose that school.
  • Include any awards, memberships in organizations or offices that you have held.
  • What you have done personally to prepare for school costs.
  • Any community betterment you have performed or any future plans you have to better your community.
  • How this scholarship will help you achieve your career goals.

Return application by email to info@civic-cu.org or by mail:

Civic Central Credit Union

Attn: Scholarship Committee

PO Box 1828

Jefferson City, MO 65102-1828

Entries must be received by Friday, April 14, 2023.

Scholarships will be awarded on Friday, April 28, 2023.

Protect Your Identity

Protect Your Identity in an Online World

Consumer behaviors are changing – Online commerce is up nearly 43%.

With the increasing opportunities to spend online, the possibilities for identify theft and account fraud grow.

Here Are Five Tips to Help Keep Fraudsters at Bay:

  1. Don’t open or respond to unsolicited emails or texts from unknown contacts
  2. Never sign into an account using a link in an email or text
  3. Never provide passwords, PIN numbers, account numbers, etc., over the phone or via text or email
  4. Only browse secure online websites
  5. Use strong passwords and change regularly

For the Good of Us All