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With this simple year-end change to your retirement accounts, you can reap significant tax rewards

Por: MarketWatch Politics December 27, 2022

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Before we get into the nuts and bolts, let’s define “middle-income earner.” We are focusing on the 22% and 24% brackets. Under the current tax law — changes made from the Tax Cuts and Jobs Act of 2017, which sunsets after 2025 — these rates fall in the middle of the brackets as seen below: Think of tax brackets as a bucket Let’s take a second to explain how marginal tax rates work. Think of each increasing tax bracket as a bucket... + full article



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