When Is A Tax Case Considered A Felony: Difference between revisions

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Revision as of 21:11, 2 March 2025

Filing taxes is a confusing and complex process to begin with for some. Making errors will happen from a person to time, but the one thing you don't want to do is understate the income you neck. Underreporting earnings is one way to obtain the IRS hopping mad.

I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) transfer pricing in the 401k, making my federal income taxable earnings $64,744.

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