Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 14:08, 15 September 2026
Note: This writer is actually a CPA or tax professional. This article is for general information purposes, and will not be construed as tax aid. Readers are strongly motivated to consult their tax professional regarding their personal tax situation. Contributing a deductible $1,000 will lower the taxable income belonging to the $30,000 12 months person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 yr person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount!
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