Difference between revisions of "How Does Tax Relief Work"

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Revision as of 23:33, 15 May 2026

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We hear a lot about income taxes, but most people don't know just the amount income-related taxes they're spending money. We're taxed by both our federal government and our state. Due to the fact federal government takes the lion's share, I'll look closely at its tax.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some of your changes passed in the 2001 EGTRRA.

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