Comments on: Federal Income Tax Brackets And IRS Tax Tables https://thecollegeinvestor.com/21804/federal-tax-brackets/ Navigating Money And Education Mon, 28 Oct 2024 20:40:27 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/21804/federal-tax-brackets/#comment-476192 Wed, 01 Mar 2023 00:13:04 +0000 https://thecollegeinvestor.com/?p=21804#comment-476192 In reply to Fran.

Remember, slightly entering another tax bracket doesn’t change your lower earnings. It only impacts that amount in the bracket. We all pay the same dollar amount on the $10k, etc. Read this on effective tax rates.

You might find this helpful to adjust you withholdings: How To Fill Out A W4.

Beyond that, speak to a tax professional.

]]> By: Fran https://thecollegeinvestor.com/21804/federal-tax-brackets/#comment-476191 Tue, 28 Feb 2023 22:51:11 +0000 https://thecollegeinvestor.com/?p=21804#comment-476191 I bypassed a Bracket BARELY because of Overtime earned for 2022 and I dont want to owe again next year – How should I fill out my W4 and is this tax season not fruitful to use all the 1st time home owners credits and deductions?

]]> By: Robert Farrington https://thecollegeinvestor.com/21804/federal-tax-brackets/#comment-355028 Thu, 02 May 2019 21:06:34 +0000 https://thecollegeinvestor.com/?p=21804#comment-355028 In reply to David.

You’d have to do the worksheet, but the LTCG would push his ordinary income to $105k, making it 15%.

]]> By: David https://thecollegeinvestor.com/21804/federal-tax-brackets/#comment-355014 Thu, 02 May 2019 14:16:27 +0000 https://thecollegeinvestor.com/?p=21804#comment-355014 In reply to Robert Farrington.

Wouldn’t the capital gain be 0%? Long-term capital gains for married filing jointly are zero for 0-78,750 in income. Or at least that’s what I’ve read.

]]> By: Robert Farrington https://thecollegeinvestor.com/21804/federal-tax-brackets/#comment-353640 Mon, 08 Apr 2019 04:15:29 +0000 https://thecollegeinvestor.com/?p=21804#comment-353640 In reply to Mohammad Mushtaq.

Correct.

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