What Is a Tax Bracket?

Every new year begins with filing taxes. Based on your reported income, expenses, investments, and withholdings, the IRS determines whether you have sufficiently paid your share. If you’ve underpaid, then you’ll have to cover the difference and make a payment to the IRS. On the other hand, if you’ve overpaid, you’ll be entitled to a […]

How Can Claiming Dependents Help Lower Your Taxes?

Being a parent or primary provider for someone is a big responsibility. The time and energy spent caring for another human is a big commitment,  and it can be incredibly costly to pay for another person’s living expenses. That’s why the IRS offers special tax benefits for those that have dependents. Parents are often eligible […]