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Revision as of 00:52, 31 October 2024
Filing an income tax return is a job that rolls around once a year so keeping plan requirements and guidelines is key in order to some successful season. Whether you're just getting started or in the heart of the process here are 10 things you require to know about taxes.
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I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) into a 401k, making my federal income taxable earnings $64,744.
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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some among the changes passed in the 2001 EGTRRA.