As the tax season unfolds, many Americans are wondering how much tax they’ll end up owing the IRS depending on their filing status and bracket.
There were new tax brackets announced by the IRS for 2022, which were shared in 2021.
The high rates of inflation will help keep tax rates fair.
Taxes needed to change following a wage increase in order to stop those who aren’t earning a lot of money into higher tax bands.
It would financially harm Americans who did nothing to deserve the financial burdens.
Will refunds be bigger in 2022?
Tax brackets with the IRS explained
What you end up paying for taxes depends on which bracket you fall into.
Your bracket is determined by both your income and your filing status.
You can check the full list of tax brackets and how they work based on filing status at AS.com.
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