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Understanding Your Tax Filing Status
For most, determining your tax filing status probably does not create a lot of question or confusion. But for others, it might not be so cut and dry. For most, whether you are married or unmarried at the end of the year is the determining factor.…
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How Do Taxes Work?
The U.S. uses a system called “progressive tax.” That means that the IRS has tax “brackets” with associated tax “rates.” These brackets correspond to various income levels. The higher your income, the higher your tax bracket,…