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Tax Brackets and Deductions
Academic Level: BachelorPaper details V
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)?
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