HOW WILL MY RAISE CHANGE MY TAXES?

The cool kids call it bracket creep...

" Bracket creep is a term to describe what happens when more money pushes you into a higher tax bracket even though there’s not any improvement to your bottom line. In other words, having a higher paycheck can result in more taxes, and no real movement in disposable income. " -  Kelly Phillips Erb


Taxes From A to Z 2019: B Is For Bracket Creep 

image17

UNDERSTANDING YOUR TAX BRACKET

CALCULATE THE DIFFERENCE