What Is New For Tax Season 2021/2022?

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CHARLOTTE – What is new for Tax Season 2021/2022?

Hey Tax Payer.  The IRS has finally produced the updates for the 2021/2022 Tax Season Tax Rate.



So, Let’s Get To It…

Your tax rate will totally depends on your Adjusted Gross Income. The more income you earn, there is a set dollar rate the higher your tax rate will be on every extra dollar over the set dollar rate. Here is an example:

Single filers who make between $9,950 to $40,525; their tax will be $995 plus 12% tax on the amount that is over $9,950. Here is another example:

Married Filing Joint filers who make between $81,050 to $172,750; their tax will be $9,328 plus 22% on the amount that is over $81,050. Last example:

Head Of Household filers who make between $86,350 to $164,900; their tax will be $13,293 plus 24% on the amount that is over $86,350.

Additional information can be found on our Mays Concepts Facebook page. Please like our page for further tax related information.

For more information about this article then contact Mays Concepts, LLC at (704) 526-0307, email us at maysconcepts@gmail.com, or visit/like our Facebook page https://www.facebook.com/MaysCon

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*Source:  https://www.fool.com/taxes/what-are-the-key-irs-tax-changes-for-2021/

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