Don t Panic If Taxes Department Raids You: Difference between revisions

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Latest revision as of 02:54, 23 September 2024

Filing an taxes return is a job that rolls around once a year so keeping up with requirements and guidelines is key together with a successful season. Whether you're just getting started or in the center of the process the following are 10 things you should know about income tax.

I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) to produce a 401k, making my federal income taxable earnings $64,744.

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