TAXES

What is

100

 This is a tax on the income earned by individuals and businesses.

WHAT IS INCOME TAX

200

This is a tax on the sale of goods and services

WHAT IS SALES TAX

300

This is a tax on the sale of goods and services

WHAT IS PROPERTY TAX

400

This is a tax on the transfer of property after death.

WHAT IS ESTATE TAX

500

This is a tax on specific goods, such as gasoline or alcohol.

WHAT IS EXCISE TAX

What %

100

$0- $11,925 single 

WHAT IN 10%

200

$11,925-$48,475 SINGLE

WHAT IS 12%

300

$206,700-$394,600 MARRIED

WHAT IS 24%

400

$751,600 OR MORE

WHAT IS 37%

500

$250,525-$626,350 SINGLE

WHAT IS 35%

Tax Deductions

100

STANDARD DEDUCTION IN 2025

WHAT IS $15,750

200

STANDARD DEDUCTION IN 2024

WHAT IS $14,600

300

STANDARD DEDUCTION IN 2023

WHAT IS $13,850

400

STANDARD DEDUCTION IN 2022

WHAT IS $12,950

500

STANDARD DEDUCTION IN 2021

WHAT IS $12,550