Difference between revisions of "Annual Taxes - Humor In The Drudgery"

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Latest revision as of 09:38, 21 September 2024

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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 those approximately three thousand dollars.

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Make sure you know the exemptions suited for the connection. For example, municipal bonds are generally exempt from federal taxes, and may be exempt from state and local taxes if you think you genuinely are a resident of your state.

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