Taxes

Federal Taxes

How do we use the tax tables to determine what our tax liability is for the year?

After taking into consideration your filing status, what forms you file, and any adjustments to your taxable income (tax deductions), you look up what your adjusted gross income is in the table, and see how much tax you are required to pay. Then, you may subtract any credits or payments from this tax in order to compute your final tax bill.



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