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Revision as of 07:01, 15 May 2026


The IRS has set many tax deductions and benefits instead for citizens. Unfortunately, some taxpayers who earn a high level of income can see these benefits phased out as their income climbs.

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

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