Difference between revisions of "A Status For Taxes - Part 1"

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Filing taxes is a confusing and complex process to begin out with for some. Making errors will happen from in order to time, nevertheless the one thing you not keen to do is understate the income you en. Underreporting earnings is one to get the IRS hopping mad.

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in a very 401k, making my federal income taxable earnings $64,744.

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