Ashlea Ebeling
speaker
2,002 appearances
38 recordings
1 series
first heard Jul 2022
last heard Feb 2025
Ashlea Ebeling’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
It's just so complicated with taxes, whether you're itemizing or whether the alternative minimum tax comes into play, whether the standard deduction will drop in half as expected in 2026.
matched
So there's so many factors, and it's going to be an interesting year next year as Congress debates these issues.
matched
The brackets going up a little means it takes more income to reach each higher tax bracket.
matched
So someone who makes about the same would owe just a little bit less in taxes.
matched
For example, someone earning $120,000 and then they take the standard deduction, they would owe about $400 less.
matched
It's important to know where you fall because knowing your tax bracket can help you estimate how much you'll owe in taxes.
matched
and maybe you need to pay inestimated tax payments if you're a freelancer or consultant, any kind of gig income other than your W-2 job.
matched
There's seven different tax brackets that each have accompanying tax rates, and they range from 10% to 37% depending on your taxable income.
matched
There are different sets of brackets depending on your filing status, whether you're filing your tax return as an individual, head of household, or married, filing jointly or separately.
matched
So one way is you could think of it like a ladder because it's a progressive tax system.
matched
Some of your incomes tax at the lowest rung at 10 percent, some tax at the next rung at 12 percent and so on, up to the 37 percent for the highest income people.
matched
The higher your income, the higher you move up the ladder, basically.
matched
And you keep paying at these progressively higher rates on that next slice of income.
matched
On to the 2025 brackets.
matched
What are the biggest changes?
matched
So the IRS announces these inflation adjustments every year to the brackets and the income ranges that make up the tax brackets.
matched
They make the announcement in the fall for the next year.
matched
This year's increase of about 2.8% is the slowest increase since 2021.
matched
And is that keeping up with inflation?
matched
The tax season we're approaching, that covers the 2024 tax year.
matched
Showing 461–480 of 2,002 · page 24 of 101
← Previous
Next →