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2024 & 2023 Federal Income Tax Brackets: A Side by Side Comparison The IRS released the 2024 Tax Rate Brackets recently, along with the 2024 Standard Deduction amount and a bunch of other details that your tax man might find interesting. I couldn’t find a side-by-side comparison with 2023, so I decided to create one that I could look at, and that will hopefully help you out. The tax rates themselves are unchanged. They remain at 10, 12, 22, 24, 32, 35, and 37 percent. The income you can earn per each bracket has been raised a fairly significant amount, on average a little more than 5.0%. This amount is about on par with inflation, which was 6.5% in 2022 and, so far in 2023, is 3.2%, according to the U.S. Inflation Calculator. Why do tax rates matter? If you are reading this, you probably already know why they matter, but just thought I’d make sure. These tax rates impact how much ...
Net Worth | August 2020 Our August 2020 net worth continued to increase. 2020 is a good year for us, even though my wife isn't bringing home a paycheck right now.
2020 & 2021 Federal Income Tax Brackets: A Side by Side Comparison The IRS released the 2021 Tax Rate Brackets recently. Here is a side-by-side comparison with the 2020 brackets. Hope it helps!
Net Worth | June 2020 Our June 2020 net worth continued to increase and the hit from the recession is nearly erased. The markets are volatile, but we are still able to work!
4 Reasons Why Net Worth is Important No matter where you are financially, knowing your net worth can help you with your money. Here are four reasons why you should track your net worth.