Got brackets on the brain? ‘Tis the season for placing your bets and picking your champs. But as tax geeks, we think about brackets year-round — tax brackets, that is. Brush up on your tax bracket knowledge with this easy-to-follow refresher from guest contributor Mike Anderson of Nerd Wallet.
Tag: tax nitty gritty
Answers to your most pressing fiscal cliff questions, from the tax professionals at The Tax Institute at H&R Block.
The proposed Olympic Tax Elimination Act is a contentious issue, certainly — but it’s important to understand the tax situation from athlete to athlete may vary wildly; not every athlete earns as much as Michael Phelps and therefore would certainly not be returning home to a tax bill quite as hefty.
Did you know that The Child and Dependent Care Tax Credit can help to offset the cost of your child’s day camp this summer?
The IRS has seen it all. Here are some of the more interesting arguments people have actually used in court to try to avoid paying taxes.
The terms “tax rate” and “tax bracket” are not interchangeable. These commonly used tax terms have been in the news a lot lately, but many don’t understand the differences between them. “Tax brackets aren’t the most talked about brackets when March Madness starts, but year round they are widely confused with tax rates,” said Gil [...]
Surely, you’ve wondered where 35% of your hard-earned income goes when you’ve forked it over to Uncle Sam. And perhaps you’ve even wondered how many people cheat on their taxes (not that you’d ever dream of doing such a thing). We’ve compiled fun tax facts a-plenty in our latest infographic — so when your angry [...]