The attached link discusses many very important tax related topics. It lists the updated 2009 tax brackets and the different income levels that apply to each bracket.
*Note: When looking at the tax brackets, the income levels specified for each bracket are taxed at their corresponding rates to the left of the income amount. For example, if your income for the year is $50,000, amd you are filing single, the first $8,350 would be taxed at 10% per the first income tax bracket level, the rest of your income up to $33,950 would be taxes at 15%, and the remainder of your income up to the $50,000 amount would be taxed at 25%.
Listed on this website are the tax brackets for tax payers filing single, married filing jointly, and married filing seperately. This gives you the basic idea of what tax bracket you fall into so you can begin to understand the tax preparation process.
Thursday, August 20, 2009
What This Blog Is Aimed To Provide Readers
This blog will serve as an informational page for readers who want to learn more about preparing taxes. I will discuss tax law, tax preparation tips and facts that are crucial, courses you can take to enhance your understanding of tax preparation, and much more. If there is anything you feel that I have left out or have questions about please feel free to leave a comment and I will do my best to help you. Thank you for viewing my blog and I hope it serves as a helpful tool for all of my readers.
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