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Latest revision as of 09:42, 18 September 2024

The IRS has set many tax deductions and benefits secure for individuals. Unfortunately, some taxpayers who bring home a higher level of income can see these benefits phased out as their income ascends.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some of your changes passed in the 2001 EGTRRA.

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