2022 IRS Tax Brackets: How Your Income is Taxed

The IRS has released the tax brackets for 2022. This post will give you an overview of how your income is taxed, depending on which bracket you fall into. Keep in mind that these are just the federal tax brackets – your state may have different tax rates. We will also discuss some of the changes that were made to the tax brackets for this year. Single Taxpayers For single taxpayers, the tax brackets are as follows: 0% – $0 – $950 12% – $951 – $38,700 22% – $38,701- $82,500 24% -$82,501- $157,500 32% -$157,501-200.000 Married Filing Jointly or … Continue reading 2022 IRS Tax Brackets: How Your Income is Taxed

Why You May Want to Consider Hiring a Professional Tax Person

Are you someone who has complex tax affairs? It may be time to submit your tax return using the help of a professional CPA. A professional can guarantee that you claim every credit and dependent exemption available to you. Most professionals will, additionally, provide you with an estimated date for your tax refund. All professionals will recommend electronic filing, when w2s come out. Continue reading Why You May Want to Consider Hiring a Professional Tax Person