Month: November 2021

Tax Bracket – Tax Obligations <ul><li>$90,000 Federal Income Tax Plus FICA : $19,747</li><li>$95,000 Federal Income Tax Plus FICA : $21,230</li><li>$100,000 Federal Income Tax Plus FICA : $22,754</li><li>$105,000 Federal Income Tax Plus FICA : $24,337</li><li>$110,000 Federal Income Tax Plus FICA : $25,919</li><li>$115,000 Federal Income Tax Plus FICA : $27,502</li><li>$120,000 Federal Income Tax Plus FICA : $29,084</li><li>$125,000 Federal Income Tax Plus FICA : $30,667</li><li>$130,000 Federal …

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Resources To Make Tax Time Easier For U.S. Service Members And Veterans <p>The IRS has a variety of resources to help members of the military, veterans and their families navigate the unique and complex circumstances that come with filing taxes while in the military. Reviewing these resources is a good way to <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready</a> for the …

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Why It’s Important That Taxpayers Know And Understand Their Correct Filing Status As taxpayers <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready for the upcoming filing season</a>, It’s important for them to <a href=”https://www.irs.gov/help/ita/what-is-my-filing-status”>know their correct filing status</a>. A taxpayer’s filing status defines the type of tax return form they should use when filing their taxes. Filing status can affect the amount …

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IRS Announces Changes To Retirement Plans For 2022 Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost‑of‑living adjustments that may affect pension plan and other retirement-related savings next year.</p><h2> </h2><h2>Highlights of changes …

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Teachers Can Deduct Out-Of-Pocket Classroom Expenses Including COVID-19 Protective Items Fall is here and another school year is in full swing. Many teachers are already dipping into their own pockets to buy classroom supplies that will help set their students up for success. Doing this all year long can add up fast. Fortunately, eligible educators …

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