Tax Return Knowledge and Tips
I have lived in the US and filed Tax returns for a couple of years. During the process, I have learned some knowledge and tips about Individual Income Taxes. Because I want to have control over my money, so I don’t hire an accountant to do my tax. I use TurboTax. I leverage it to fill out the forms for me but don’t blindly trust it. I will still go over the forms afterward, to double-check the numbers are correct, and to make sure the calculation is correct. Followings are some knowledge and tips about taxes I have learned so far. Taxing Tax Brackets Federal Federal Tax Brackets (2018, Married Filing Jointly) are ( calculator ) 10% - <= $19,050 12% - <= $77,400 22% - <= $165,000 24% - <= $315,000 32% - <= $400,000 35% - <= $600,000 37% - no limit California State California state Tax Brackets (2018) are: 1% - <= $17,088 2% - <= $40,510 4% - <= $63,938 6% - <= $88,754 8% - <= $112,170 9.3% - <= $572,984 10.3% - <