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How long to keep tax records, according to the IRS

In general, the IRS recommends keeping copies of your tax returns and tax-related documents for at least three years and up to seven years. The time periods represent the statute of limitations for IRS auditing, though that shouldn’t be cause for worry for the vast majority of taxpayers. You typically […]
How long to keep tax records, according to the IRS
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What tax bracket am I in? Here’s how to find out

How much you pay in federal income taxes depends, in part, on what tax bracket you fall into. There are seven tax brackets with tax rates ranging from 10% to 37%, and the thresholds are updated every year for inflation. Your tax bracket applies to only the amount you earn […]
What tax bracket am I in? Here’s how to find out