Tax Q&A Blog
Clear answers to the tax questions that confuse most people, written in plain English.
What Is VAT and How Is It Calculated?
Learn what VAT is in one simple sentence, how the calculation works, what rates apply around the world, and who ultimately pays it.
→Q&A PostWhat Is My Tax Bracket for 2024?
Understand how the 2024 federal tax brackets actually work, find your bracket, and learn why your effective rate is always lower than your bracket rate.
→Q&A PostDo I Have to Pay Capital Gains Tax When I Sell My Home?
Learn about the primary residence exclusion, when it applies, when you do owe capital gains tax on a home sale, and how to calculate your gain.
→Q&A PostWhat Is the Difference Between Tax Rate and Tax Bracket?
Understand the real difference between marginal tax rate and effective tax rate, with a real-world example to show why the distinction matters for financial decisions.
→Q&A PostHow Does Sales Tax Work and Who Actually Pays It?
Understand what sales tax is, how it is calculated at the register, why rates vary so much by location, and which items are commonly tax-exempt.
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