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What You Need to Know About The Proposed Tax Bracket Changes For 2022
The United States has a progressive tax system, which means that taxpayers are taxed at different rates depending on their income level. The current tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 37%. For the tax year 2021, the income thresholds for each tax bracket are: * 10% bracket: $0 to $9,875 for…
U.S. Expats Must File a Tax Return
U.S. Citizens and green card holders that live abroad must file taxes even if there is no money owed. If you do not file, you may receive a penalty even if you did not originally owe taxes to the IRS or to the state. If you haven’t filed previously, we can help. Contact us to…
