Oh, taxes … how I loathe thee.
It's not just that I loathe them, though (although I really, really
do!) — it's that I don't completely understand them. Did you know that tax brackets can change every year? And that every year (for the most part) the amount of money you can sock away for retirement changes? And that that amount also changes based on how much money you make?
I mean – talk about making things difficult.
To help make it through this harrowing tax season, we wanted to dig a bit deeper into "tax brackets." What are the tax brackets for 2013 (for taxes due April 15, 2014) … and what does your tax bracket say about you?
For Your 2013 Taxes
The first thing you should know when it comes to your tax bracket is … drum roll, please … which one you're in. Here's a look at the breakdown by income for 2013:
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