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How tax bracket is calculated for family incom
how tax bracket calculated for considering family income.
I have employed income for $55000 which tax already deducted by employer. tax bracket for my income is %17. my wife is self employed income with income of 150000 with tax bracket for example %25. our household income will be around $200000. Is this mean when tax calculated at the end of the year we will pay more taxes based on 200k tax bracket. please clarify this for me.
regards,
****
mike
October 29, 2019
10:00 PM
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Troubleshooting
Good afternoon,
Thank you for your question. View the tax brackets and income levels by clicking on the line provided.
https://turbotax.community.intuit.ca/questions/1189953-about-the-family-tax-cut
The above link provides an informative video on the family tax cut.
Leeanne@TurboTax
October 29, 2019
10:00 PM