Tax season is here and with it comes the confusion and general nightmare that all taxpayers know and loathe. The information below covers new and updated taxes that affect individuals' 2014 returns and in turn, their IRS tax refund.
When it comes to filing your taxes, there are many important factors that you need to take into consideration. One good example of these are tax brackets. In the United States, we function on what is known as a progressive tax system. In this framework, your income is actually viewed in different proportions. Each of these separate parts gets taxed at a certain rate.