![]() ![]() If your taxable income increases, the taxes you pay will increase.īut figuring out your tax obligation isn’t as easy as comparing your salary to the brackets shown above. The amount you pay in taxes is dependent on your income. The brackets help determine how much money you need to pay the IRS annually. Tax brackets were created by the IRS to implement America’s “progressive” tax system, which taxes higher levels of income at the progressively higher rates we mentioned earlier. ![]() ![]() 2023 Married Filing Jointly Tax Brackets If taxable income is: ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |