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2. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/irs-tax-brackets-much-ll-163733449.html

   This status puts them in the highest tax bracket, which is taxed at a rate of 37%. However, this tax rate only applies to any income over $622,050, and that amount gets added to $167,307.50 ...

3. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

4. Tax Deductions Explained (and Common Ones You Could Claim) - AOL

   www.aol.com/tax-deductions-explained-common-ones...

   The standard deduction amounts for tax year 2021 are: Single filers: $12,550. Married filing jointly and surviving spouses: $25,100. Married filing separately: $12,550. Head of household: $18,800 ...

5. What Are the 2020-2021 Federal Tax Brackets and Tax Rates? - AOL

   www.aol.com/finance/2020-2021-federal-tax...

   To be clear, the following are the tax brackets and marginal tax rates for 2020, which apply to the tax returns that you’re required to file by April 15 of this year. Single Filers 10%: $0-$9,875

6. Head of Household - Wikipedia

   en.wikipedia.org/wiki/Head_of_Household

   Head of Household. Head of Household is a filing status for individual United States taxpayers. It provides preferential tax rates and a larger standard deduction for single people caring for qualifying dependents. To use the Head of Household filing status, a taxpayer must: Be unmarried or considered unmarried at the end of the year.

7. Guide To Filing Taxes as Head of Household vs. Single

   www.aol.com/guide-filing-taxes-head-household...

   Filing as single means you are unmarried, divorced or legally separated. Filing as head of household means you are unmarried and have at least one qualifying dependent. If you qualify to file as ...

8. Income tax in the United States - Wikipedia

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

   The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may ...

9. What's the Standard Deduction for 2020 vs. 2021? - AOL

   www.aol.com/news/whats-standard-deduction-2020...

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