Difference between revisions of "Don t Panic If Tax Department Raids You"

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The IRS has set many tax deductions and benefits in their place for tax payers. Unfortunately, some taxpayers who earn a top level of income can see these benefits phased out as their income ascends.

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is gonna be approximately 3200 dollars.

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