Do you know your income tax bracket? I know ours. For 2013, we were in the 25% federal tax bracket. But what does that really mean? For background, since I’m married and we file jointly, that means our taxable income fell somewhere in the $72,501-$146,400 range. If you want to […]
tax brackets
Curious as to what next year holds in terms of federal income tax brackets? Well, look no further, because I’ve got the details below. But before I get to the brackets themselves, I wanted to take a moment to remind you exactly how tax brackets work… In our progressive tax […]
I’ve mentioned tax-equivalent yield in passing a couple of times. Today, I want to spend a few minutes expanding on the topic. In general terms, whenever you hold a tax-exempt investment in a taxable account, you’re earning more (after taxes) than you would with an equivalent, taxable investment. Said another […]
I’ve received a couple of inquiries about why I’m such a fan on Series I Savings Bonds, so I thought I’d spend a bit of time discussing that today. As a reminder, I-Bonds are low-risk, inflation-indexed savings bonds that are issued (and backed) by the Federal government. So what’s so […]
Earlier this week, I met with our tax guy and picked up a copy of our now-completed income tax returns for review. In looking through the numbers, I noticed something rather interesting. Though our adjusted gross income (AGI) was similar between last year and this year, there was a somewhat […]
Now that the dust has settled from the fiscal cliff debate, it’s time to update our federal income tax brackets for 2013. Before I list the relevant details, however, I just wanted to take a moment to remind you exactly how tax brackets work… In our progressive tax system, the […]
I’ve recently seen a number of comments that have betrayed a fundamental misunderstanding about how income tax brackets work. I thus feel compelled to offer an explanation. I’ve actually mentioned this in passing, but I’ve decided that it’s worth of a post of its own. Yes, this is old news […]
