Reference no: EM132451571 , Length: 2

Tax Brackets and Deductions

Question 1: Conduct online research for federal income tax brackets for the current year. Which tax bracket do you fit into for your gross household income? How close is your gross household income to the next lowest tax bracket? Create a list of possible deductions for your household. Are you able to reduce your taxable income enough to place you in the next lowest tax bracket? If not, what are some steps you could take to do so (this year or next year)?

Criteria:
The requirements below must be met for your paper to be accepted and graded:

1. Write a minimum of 400 words (approximately 2 pages) using Microsoft Word.
2. Attempt APA style.