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  2. The Perfect Paycheck Deduction To Break Even on Taxes - AOL

    www.aol.com/finance/perfect-paycheck-deduction...

    On one end, people who make below the standard deduction — $12,500 — typically pay no income tax and no withholding may be required. On the other end of the spectrum, someone earning $100 ...

  3. Paycheck - Wikipedia

    en.wikipedia.org/wiki/Paycheck

    Paycheck. A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll ...

  4. Above-the-line deduction - Wikipedia

    en.wikipedia.org/wiki/Above-the-line_deduction

    In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62.

  5. Post-tax deductions, on the other hand, are payroll deductions taken from an employee’s check after taxes have already been withheld. Post-tax deductions do not reduce your tax liability.

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Politics portal. v. t. e. The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted ...

  7. The Perfect Paycheck Deduction To Break Even on Taxes - AOL

    www.aol.com/perfect-paycheck-deduction-break...

    In the U.S., you're required to pay taxes as you earn income throughout the year. The self-employed have to make estimated quarterly payments directly to the IRS. W-2 wage earners, on the other ...

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