Answers, tips, and info for getting through your first (or second or third) tax season.
"This guide will give you a solid understanding of tax rates, and everything connected to them – as well as set you on a path toward managing your finances with confidence and efficiency."
https://moneyzine.com/tax/30-tax-facts-for-students/
Learn:
What is a tax rate?
The purpose of tax rates
How tax rates are calculated
Tax rates in 2022/2023
Who pays these rates?
Getting ready for Tax Day
Filing taxes - general information
Filing taxes - pro tips
Dangers of lax reporting- the importance of honesty
How a tax rate can go up or down Strategies for reducing taxes
FICA taxes- Social Security and Medicare
Tax deductibles and credits
Getting your credit/refund
About state tax rates
8 states do not levy income tax on residents but make up for revenues with sales and property taxes
Progressive/flat-rate tax systems
So how much will you actually pay?
Standard and itemized deductions
Do tax rates apply to tips and commissions?
Tax rates for gigs or multiple jobs
