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b1fara65
New Member

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

  

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Accepted Solutions
Leeanne-TurboTax
New Member

How tax bracket is calculated for family incom

Good afternoon,

Thank you for your question.  View the tax brackets and income levels by clicking on the line provided.

Tax brackets and income levels

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

View solution in original post

1 Reply
Leeanne-TurboTax
New Member

How tax bracket is calculated for family incom

Good afternoon,

Thank you for your question.  View the tax brackets and income levels by clicking on the line provided.

Tax brackets and income levels

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

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