A Background Of Taxes - Part 1: Difference between revisions

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Revision as of 21:10, 30 October 2024

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is gonna be approximately 3300 dollars.

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Muni bonds should be owned inside your taxable brokerage accounts, and isn't in your IRA or 401K accounts because income in those accounts is already tax-deferred.

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