How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
The IRS has stated that option (a) will give employees the most accuracy and privacy of the three since the Tax Withholding Estimator will compute all the relevant entries for the form–but of course the Withholding Estimator must be updated for 2025 in order to be accurate. Option (b) als...
here’s a tax wrinkle that can save you money:If you will be employed no more than 245 days for the year, request in writing that your employer use the part-year method to compute your withholding.
Qualifying Widow(er) With Dependent Children Filing Status– Those who lost a spouse in the previous tax year and wish to file a joint return are considered married for federal income tax purposes. Here is how tax brackets are determined, using the 2015 tax bracket set as an example. To be...