Category: Taxes
2023 Capital Gains Tax Bracket
The 2023 capital gains tax bracket for the federal governement. Capital Gains, there are two types short-term and long-term capital gains. Long-term capital gains are capital assets held for more than a year and a day, short-term held are less than a year. Capital Assets are considered stocks, bonds, homes, cars, furniture, any items that…
2023 California Income Tax Brackets
Single or Married Filing Seperately All of this information is gather from the Franchise Tax Board are just examples. Please review Franchise Tax Board or contact a tax professional. I am not an expert, but this shows simple cacluations. Tax Rate Start Upto 1% $0 $10,412 2% $10,412 $24,684 4% $24,684 $38,959 6% $38,959 $54,081…
2023 Tax Bracket
Tax season can be stressfull and tedious time for most of people that file taxes in the United States. The 2023 income tax brackets are below, showing exmaples of each bracket. Single Filers Tax Rate Single Filers Start Up to 10% $0 $11,000 12% $11,001 $44,725 22% $44,726 $95,375 24% $95,376 $182,100 32% $182,101 $231,250…
States with No Sales Tax
Sales tax may not seem like a big deal, but when making big purchases this is a huge add-on that should be accounted for. Going through each month’s bills, one may be surprised how much they spend on sales tax. Example If sales tax rate is 8% and you spend $3,000 without sales tax. (3000…
No Income Tax States
Each state normally finds a way to tax people, even though they may not tax your income. There are seven states states that do not tax your personal income. Personal income includes capital gains, wages, and dividends. There are two states that have no taxes on certain parts of income. Tax season brings the realization…
When is Tax Season in 2024?
Tax season starts on January 1st and ends April 15th for all states besides Maine and Massachusetts which are due April 17th. The deadlines are for payment of taxes or filing of an extension. October 15th is the deadline for payment, if filed for an extension. Questions about your state or territories review: Around the…
