Why Must File Past Years Taxes Online: Difference between revisions
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Revision as of 20:13, 22 January 2025
Every year, the irs issues a listing of tax scams. Actual is to alert taxpayers to physical fitness . merit of certain strategies as well as letting everyone know the IRS will not accept them.
Remember, a personal exemption of $3650 is not deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This allows you to under the marginal tax rate of 25%. Therefore the money you'll save on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For or else you spouse, that can be multiplied by two so you save $1825.
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