| The dreaded tax season can hit you | | | | tax return as accurately as possible. On the chart, |
| unexpectedly if you have not been able to | | | | look for the range where your taxable income |
| prepare for it early. Tools and tax filing aids are | | | | lies, under your specific filing status. Beside this, on |
| available on the Internet. A tax table is one of | | | | a separate column, find the corresponding tax |
| those simple aids that should make your life | | | | rate. |
| easier. You can look for one on any search engine. | | | | They can vary each year, so make sure that you |
| Because they are made to guide you in filing your | | | | are referring to the table for the correct year. |
| tax return, a tax table is designed with ease of | | | | Some states list their own table for state income |
| use in mind. They contain the income range per | | | | tax. Instructions are provided to make sure you |
| civil status and the corresponding tax rate. Before | | | | use them correctly. There are also sample |
| you can make sense of the values on the tax | | | | computations that can guide you step-by-step in |
| table, you should know a few basic concepts. This | | | | your calculations. You can consult with a |
| will help prevent any confusion or errors that may | | | | professional to clarify the tax rates that are |
| arise when calculating your tax liability. | | | | applicable to your state. These are some |
| Choose your filing status among the four | | | | reminders that could help you when using the |
| categories: single, married filing jointly/widow(er), | | | | table. |
| married filing separately, and head of household. | | | | Do not stress yourself too much when time |
| The income range and tax rates vary across | | | | comes to file your tax return. There are tools and |
| each status. The income range on the chart | | | | aids available on the Internet, a lot of which are |
| pertains to your taxable income. A taxable income | | | | free and so easy to use. It does not require any |
| is derived from your total income minus the | | | | technical expertise to learn how to use them |
| applicable exemptions, adjustments, and | | | | properly. They are created to reduce any errors |
| deductions. There are tax calculators that can help | | | | and mistakes that you may make when doing the |
| you with the calculations so that you can come | | | | computations. Remember to prepare your tax |
| up with the accurate taxable income. The tax | | | | return and file early. The earlier you file, the |
| rate is the percentage that is charged to your | | | | sooner you are freed from worrying about your |
| taxable income. | | | | taxes. |
| Make good use of them so that you can file your | | | | |