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Latest revision as of 16:08, 22 September 2024

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Employers and Clients. Every year your employer is vital to submit an all-time of the wages and duty that they take your own your gross pay. These records is reported to as well as the federal, state, and native tax agencies on Form W-2. Likewise, if you perform function as an independent contractor, salary that you get is reported to tax authorities on Form 1099. You can request a reproduction from employers and homeowners.

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

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