2023-2024 Tax Brackets and Federal Income Tax Rates
Savings Corner
DECEMBER 24, 2023
The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. Two common ways of reducing your tax bill are credits and deductions. Tax credits can reduce your tax bill on a dollar-for-dollar basis; they don’t affect what bracket you’re in. Take a look back.
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