I’ve just started freelancing alongside my full-time job in the U.S. and I’m trying to figure out taxes. Do tax brackets apply to all types of income, like freelance earnings and salary, or are some types taxed differently?
Answer by: abdullah-al-naim
1 month ago
Tax brackets primarily apply to ordinary income, such as wages and salaries. Different types of income, like long-term capital gains and qualified dividends, may be taxed at different rates, often lower than ordinary income rates.
Learn about your tax bracket through:
US Tax Brackets: A Comprehensive Guide for Taxpayers
