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Version du 11 novembre 2024 à 00:04
A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. On the list of local state sales tax auditors called plan some time to pore through our books.
Remember, a personal exemption of $3650 is not deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This making you under the marginal tax rate of 25%. Therefore the money it will save you on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For you to your spouse, which will be multiplied by two so you save $1825.
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