Federal income tax brackets are different than standard income tax brackets, and people who are making a federal income need to keep that in mind. It is important to calculate your taxes the right way and know which bracket you fall in, as due to the impending expiration of the Bush tax cuts, a lot …
The Healthcare Bill, also known as the Affordable Care Act, is aimed at providing affordable health care services and benefits to millions of Americans by putting an end to unfair insurance practices. Those who have pre-existing medical conditions are the first group who will surely benefit from the…
The Tax Relief Act 2010 has provisioned to temporarily extend the tax rate structure for an additional two years. Therefore, the 2011 tax rate schedule and the tax rates in it is the same as those in 2010. The 2011 tax rate schedule has currently six rates in it which range between 10 percent and 35…
With tax season fast approaching, you might be wondering what the IRS Tax Rates 2012 are. Your federal tax calculation is based on your income level and your status. The IRS tax rates 2012 have six brackets for the four types of taxpayers. These brackets range between 10 percent and 35 percent. The …
Contrary to speculation, the same low rates as the previous year were sustained in 2011. The only difference is that the margins are adjusted for inflation. The 2011 income tax brackets are specified below.Married individuals filing joint returns and surviving spouses Taxable Income Tax P…
Filing back taxes is similar to filing your current income tax return except that there are some factors you need to consider. However, this process isn’t as complicated as you might think. When filing back taxes, the first thing you need to do is track down all the missing documents you need and re…
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