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12:29
YouTube
Professor Ikram
Calculating Federal Income Taxes Using Excel | 2023 Tax Brackets
In this video, I use a simple Excel example to show how you can calculate federal income taxes depending on your taxable income and tax bracket. In the process you will also learn the difference between your average and marginal tax rate. Link to Excel (Google) Sheet: https://docs.google.com/spreadsheets/d/1T-aw3ZAtEfd3lIKMwy388D3L2ubOd2In/edit ...
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The Earned Income Tax Credit, or EITC, can reduce the amount of tax you owe. For more information, go to www.irs.gov/eitcassistant | IRS
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The #IRS must hold refunds for returns that claim the Earned Income Tax Credit (#EITC) or the Additional Child Tax Credit. If your refund includes amounts from these credits, you may begin checking the IRS website after Feb 21. Learn more here: www.irs.gov/refundtiming | IRS
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