Tax season has arrived yet again. Most people don't truly understand exactly how your taxable income is calculated, what tax bracket you are in and how our progressive tax system actually works.
Forbes is one of the only sites we've found that truly spells out what tax will be due for you. This should also help you prepare yourself for next year as well. Remember, the idea is that if you're close to another tax bracket, there are several options to bringing yourself to a lower bracket. Please also remember that there is a big difference between reducing your taxable income and deductions.
Take a look at the article when you get a chance!