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What Tax Bracket Are You In? Here’s a Quick Way to Find Out

What Tax Bracket Are You In? Here’s a Quick Way to Find Out

Even though most of us know the basic mechanics of how the federal income tax works, finding out exactly what tax bracket you’re in — and how that translates into how much of a refund you’ll get (or taxes you’ll owe) — isn’t always simple. Let’s start with the first question: What are tax brackets? The federal income tax system is progressive, and tax brackets are a series of income tiers that govern how much you’ll pay in federal taxes.

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