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  2. Tax season is here: TurboTax is half off, at least - AOL

    www.aol.com/lifestyle/you-can-get-turbotax-for...

    The Deluxe + State version of the software (available for both PC and Mac) allows you to file both your state and federal taxes for just $44.99, or $34 off its standard price point.

  3. IRS penalties - Wikipedia

    en.wikipedia.org/wiki/IRS_penalties

    The penalty is 5% of the amount of unpaid tax per month (or partial month) the return is late, up to a maximum of 25%. [6] A minimum penalty of $435 may apply for returns over 60 days late. The minimum penalty is the lesser of $435 or 100% of the tax due on the return.

  4. Progressivity in United States income tax - Wikipedia

    en.wikipedia.org/wiki/Progressivity_in_United...

    So, if a person has $50,000 of taxable income, his next dollar of income earned will be taxed at 25% - this is referred to as "being in the 25% tax bracket," or more formally as having a marginal rate of 25%. However, the tax on $50,000 of taxable income figures to $9,058.

  5. How To Pay Off Back Taxes - AOL

    www.aol.com/pay-off-back-taxes-000000583.html

    The IRS will work with you to pay off your tax debt.

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    U.S. federal effective tax rates by income percentile and component as projected for 2014 by the Tax Policy Center [10] [11] Taxes based on income are imposed at the federal, most state, and some local levels within the United States. The tax systems within each jurisdiction may define taxable income separately.

  7. Taxes 2024: Over 25% Use Refunds To Save Money on ... - AOL

    www.aol.com/finance/taxes-2024-over-25-refunds...

    About one-in-six plan to use this year’s return to pay off medical bills. ... 11%. Physical therapy: 7%. ... Taxes 2024: Over 25% Use Refunds To Save Money on Medical Bills — 10 Procedures Top ...

  8. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    The highest marginal tax rate for individuals for U.S. federal income tax purposes for tax years 1952 and 1953 was 92%. [ 99 ] From 1964 to 2013, the threshold for paying top income tax rate has generally been between $200,000 and $400,000 (unadjusted for inflation).

  9. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    Given the complexity of the United States' income tax code, individuals often find it necessary to consult a tax accountant or professional tax preparer. For example, John, a married 44-year-old who has two children, earned a gross salary of $100,000 in 2007.

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