Money Matters - financial planning tips & strategies

Latest personal finance blog posts for non-profit professionals and charitable-minded individuals.

Matthew Hofacre Matthew Hofacre

Income Tax Brackets Explained: How to Calculate Your Net Tax Liability

This blog post discusses how to determine your tax owed or refund in a step-by-step process. The blog post also covers key topics such as calculating gross income, adjusted gross income (AGI), tax deductions, tax credits, and net tax liability. Additionally, we talk about how income tax brackets work in the United States, offering a detailed example of how varying tax brackets apply to taxable income.

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Tax strategy guide - professionals