I’ve heard people mention that tax brackets don’t mean all your income is taxed at the highest rate. I’m still confused though—how do tax brackets actually affect my overall tax liability in the U.S.?
Answer by: abdullah-al-naim
1 month ago
Tax brackets determine the rate at which portions of your income are taxed. Understanding them helps in tax planning, as certain strategies can keep income within lower brackets, potentially reducing overall tax liability.
Learn about your tax bracket through:
US Tax Brackets: A Comprehensive Guide for Taxpayers
