Which tax bracket do you fit into for gross household income

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Reference no: EM132234963

Question: Tax Brackets and Deductions

Conduct online research for federal income tax brackets for the current year. Which tax bracket do you fit into for your gross household income? How close is your gross household income to the next lowest tax bracket? Create a list of possible deductions for your household. Are you able to reduce your taxable income enough to place you in the next lowest tax bracket? If not, what are some steps you could take to do so (this year or next year)?

Reference no: EM132234963

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