tax bracket

What to Expect If Your Tax Bracket Changes

  • Trying to make sense of a new tax bracket isn’t as hard as it seems. Once you understand the IRS tax system, calculating your tax burden becomes a breeze. An unexpected raise at work bumped you into a higher tax bracket. While it elates you to have more money each paycheck, you also worry about what will happen to your taxes. Understanding how a higher salary affects your tax burden will save you many headaches when it comes time to…

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