Re:IRS Free File: Do Your Taxes for Free
by aceazzameen on Saturday January 21, 2023 @10:32AM
(#34467080)
A windfall doesn't change the tax brackets for what you made in your W2 though. Each bracket is fixed for various ranges of your income. The windfall in your example would be in it's own tax bracket unaffecting everything before it. And I'm pretty sure the windfall would be reported to them too. So yeah, they would already know. Your example isn't accurate.
[ Parent
| on HN ]
There are no comments on this comment yet.