In Part 3 of this series, we explore why joint tax returns were so common even after major tax-law changes in 1917.
In the beginning, in 1913, there were no filing statuses. There was just one tax bracket that applied to all taxpayers.
Image courtesy of user "Olyssya" on Pixabay.com Back in 2014 and into 2015, I posted a multi-part series of posts about the history of marriage in the tax code. In 2016 I was asked to condense that series into a CPE presentation. Here are excerpts from that presentation. This series of posts will cover [...]
In this case, the term “interest” means “stake.” For example, if your 401(k) account has a balance of $15,000, you have a $15,000 “interest” in that account.