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What is The Average Tax Rate in The US

What is The Average Tax Rate in The US

Knowing what the average tax rate is in the United States seems like an easy question to answer right? However, the U.S. progressive tax system makes it difficult to pin down what an ‘average’ taxpayer pays yearly on taxes. Taxes can be difficult but, here’s a guide from the Tax Crisis Institute to help you better...

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What are the Tax Breaks for 2019 in the US?

What are the Tax Breaks for 2019 in the US?

Here at Tax Crisis Institute (TCI) we are here to help you navigate the tax laws of 2019. There’s a lot of changes that have been happening in the world of taxes and with the date of April 15 fast approaching.  Tax breaks happen at several intervals. Starting with 12% and going up from there. If you are in the top...

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How To Get Tax Relief From The IRS

How To Get Tax Relief From The IRS

Navigating the IRS and tax laws is no easy task. If you owe the IRS back taxes, interest or IRS penalties you may be in a lot of debt for your taxes. To make the situation even worse, tax lawyers are often expensive.  These lawyers tend to charge a large amount for their specialization. This often leaves the taxpayer...

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How To Calculate Social Security Wages?

How To Calculate Social Security Wages?

Social Security wages are part of the FICA (Federal Insurance Contribution Act) along with Medicare. These taxes are withheld by the employer so that they can pay these taxes to the IRS as required. Both Social Security and Medicare are withheld in this way. If you have any questions about your social security wages...

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5 Ways to Budget Your Money

5 Ways to Budget Your Money

Budgeting your money is an important skill to help you have a successful future. Proper budgeting can help you save money, pay off debt, or help you realize big financial goals. The Tax Crisis Institute wants to help set you up for financial success and teach you how to budget your money. 1. Be Realistic When Setting...

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What are the State Taxes in California?

What are the State Taxes in California?

California has some of the highest taxes in the entire country, so it’s important to understand what you’re being taxed for. The state’s sales and income taxes are higher than the national average while property tax rates are below the national average. One of our goals at The Tax Crisis Institute is helping people...

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How Does Wage Garnishment Work?

How Does Wage Garnishment Work?

If you’ve received a wage garnishment judgment then you might be wondering how does wage garnishment work. It can be a scary and stressful time as you possibly face losing some of your income. The Tax Crisis Institute is here to walk you through everything and make sure you have all the information and help you need....

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How to Estimate Federal Taxes

How to Estimate Federal Taxes

With the end of the year quickly approaching, you might be wondering how to estimate federal taxes. This information will also help you going into a new year so that you can withhold more money from your paychecks if needed so you can avoid having to pay more. The Tax Crisis Institute can help you figure out your...

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How Much Income Tax Do You Get Back?

How Much Income Tax Do You Get Back?

Though not all Americans are okay with how income tax is spent, we all look forward to the time that we’ll receive a refund from Uncle Sam (the IRS). The thought of the Internal Revenue Service issuing you a refund is nothing more than an early Christmas present. The biggest issue, however, is: how much can you get...

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How Does Tax Relief Work

How Does Tax Relief Work

It’s almost the end of the year and the taxman is beginning to collect. For a taxpayer, there’s nothing more depressing than receiving collection notices from Uncle Sam. It’s even more depressing when you know you can’t afford what they are asking. So, what should you do? In such a situation, you don’t have to panic....

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