Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
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Here's a breakdown of how the federal government spends your tax money.
A quick look at how federal income taxes work.
Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.
Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.