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2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

The beauty of tax brackets is that no matter which bracket you’re in, you won’t pay that tax rate on your entire income. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. Your state might have different brackets, or it might altogether use a different system.

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Medi-Share Update: One Year Later

Family Balance Sheet

We started using it in January 2017 and I wrote all about it, so I won’t rehash it all here. If you’re unfamiliar with the health cost sharing concept, we were too! Medi-Share can be used as a substitute to satisfy the federal mandate requiring “applicable individuals” to maintain “minimum essential insurance coverage”.