Taxes
How taxes actually work—brackets, deductions, credits, and why your refund isn't free money. Concepts explained, not advice given.
3 guides in this topic
Filing Taxes for the First Time: How the Process Actually Works
Tax filing follows a logical structure once you understand the pieces. Here's what happens at each step and what determines your outcome.
How Tax Brackets Actually Work
The marginal tax system confuses people into thinking raises can reduce take-home pay. Here's how it actually functions.
Tax Deductions vs. Tax Credits: How Each Reduces Your Bill
Deductions and credits both reduce taxes, but through different mechanisms with different impacts. Here's how each works.