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2. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   Graph, 2020 Tax Credit for case of one qualifying child. With one child and parent filing singly or as head of household, as of 2020: Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584.

3. Tax breaks after 50 you might not know about - AOL

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   The saver’s credit is a tax credit available to low- and middle-income taxpayers. Credits run as high as $2,000 for individuals or $4,000 for married taxpayers filing jointly.

4. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/irs-tax-brackets-much-ll-163733449.html

   For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of ...

5. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

6. SEP-IRA - Wikipedia

   en.wikipedia.org/wiki/SEP-IRA

   For example, if a sole proprietor has $50,000 net profit from self-employment on Schedule C, then the "1/2 of self-employment tax credit", $3,532, shown on adjustments to income at the bottom of form 1040, will be deducted from the net profit. The result is then multiplied by 20% to arrive at the maximum SEP deduction, $9,293.

7. 8 New or Improved Tax Credits and Breaks for Your 2020 Return

   www.aol.com/8-improved-tax-credits-breaks...

   Learn which tax deductions can benefit you this year. Learn which tax deductions can benefit you this year. Skip to main content. News. 24/7 help. For premium support please call: 800-290-4726 ...

8. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Marginal tax rates and income brackets for 2020 Marginal tax rate Single taxable income Married filing jointly or qualified widow(er) taxable income Married filing separately taxable income Head of household taxable income 10% $0 – $9,875: $0 – $19,750: $0 – $9,875: $0 – $14,100 12% $9,876 – $40,125: $19,751 – $80,250: $9,876 ...

9. What Are the Tax Rates For Different Types of Retirement Income?

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   Single Filers Income Percentage of Social Security Income Taxed $0 – $24,999 0% $25,000 – $34,000 50% $34,001+ 85% Married Filing Jointly Income Percentage of Social Security Income Taxed $0 ...