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As the deadline for the submission of tax returns to the IRS draws nigh, there has been an increase in the number of people who are searching for information regarding the tax rates and the tax brackets belong to.

Now, the bracket that you do belong to is dependant on the amount of money that you will be earning, meaning that you will be allocated a different tax rate depending on the amount of money that is actually in your possession. The brackets that you will fall into will determine the amount of money that you will pay. In this article, we are going to look at the various categories under which these brackets do fall.

Tax Brackets For A Single Man Or Single Woman

If you are a single man or a single woman, then the tax brackets will have the lowest tax rate of 10%. This income is that which falls below 8,700 dollars in a year. If you receive more than this amount but less than 35,500 dollars in a single year, then you can expect to be taxed at a rate of 15 percent for the extra income. When it comes to income that is actually greater than 35,500 dollars but less than 85,650 dollars, then the applicable rae is 25%. 28% is the rate applicable to those earning more than 15,650 while 33% is the amount to be used for amounts that are greater than 178,650. If the amount is more than 388,350, then the applicable tax rate stands at 35%.

Married People Filing Jointly

Imagine a situation whereby you are married, and you do file joint accounts for taxation. How will the total income be arrived at?

The Tax Rate            The Maximum Limit

10%                17,400 dollars
15%                 70,700 dollars
25%                142, 700 dollars
28%                 217, 450 dollars
33%                388,350 dollars
35%                None

Married People Filing Singly

Apart from the fact that married people can file jointly, it is also possible for the married people to file singly.

The Tax Rate            The Maximum Limit

10%                8,500
15%                34,500
25%                69,675
28%                106,150
33%                189,575
35%                 None

As The Head Of An Household

One of the ways through which you can file your tax returns as a married person is by filing a tax return as the head of a household.

If you file as the head of a household, you will also be subjected to a different tax rate. It is therefore important that you look at these rates for your information.

Source: http://www.articlesbase.com/finance-articles/a-look-at-tax-brackets-in-the-usa-5784902.html

If you are like many Americans you are struggling to find extra income to pay off debt. Perhaps, you have tried credit card debt help only to find yourself either still in debt or back in debt. Trying to conquer debt is a vicious never ending cycle. However, it may be time to try investing, if you have the funds to do so.

By investing you can redirect certain resources for a future gain. Even a little bit of money can increase the flow of money in your wallet in the long run. Unfortunately, investing is not an overnight get rich plan, and letā??s face it nothing really is. However, if you are willing to take the time and effort to invest your money you may be able to pay off some of your debt.

There are several means of investing, which include land, stocks, mutual funds, gold and bonds. You will want to talk with someone knowledgeable in money management and investing to find which method is right for you.

Stocks:

Stocks are investments in a certain company. By buying stocks your are becoming part owner in the company. The value of stocks can either increase or decrease based on the market.

Real Estate:

Buying property or homes is just another way to invest. By holding onto or improving the property over a period of time and then selling can earn you money. However, with todayā??s housing market this may not be the best way for you to invest.

Mutual Funds:

This means of investment is the management of a collective investment. Your money may be invested in money markets, stocks and bonds when you invest in mutual funds. A professional will take your money and trade it on a regular basis, as with any form of investment there are risks to mutual funds.

Above is a quick list of a few ways you can invest your money in an effort to earn a profit. Unfortunately, you will not always gain money, and may even lose. However, investing is a great option for many trying to relieve some of their debt.

Monique Rowe is a guest writer for Franklin Debt Relief.

Since the Reverse Mortgage for seniors program is all the rage these days, let’s take a look at what is required to qualify for and to get a reverse mortgage. In the United States, a person must be at least 62 years of age and own their home to qualify for a reverse mortgage.

A reverse mortgage allows you to convert the equity in your home into a lump-sum payment, monthly income, or a line of credit. Why would you want to do that? Well, it can be a useful strategy in retirement, if you want some extra income. It’s called “reverse” because it reverses the direction of the payments: instead of building up equity in your house by putting the money in, you actually reduce equity in the house by taking money out.

Like most loans, you will pay an origination fee, appraisal fee, title fee, escrow fee, recording fee, and a monthly servicing fee. These fees can be included in your loan balance, if there is enough equity available. No payments are made on the loan until you no longer occupy the home as your primary residence. When you move or sell your home, the loan balance is due and payable. However, the loan balance is never allowed to exceed the value of your home.

There are things that do not affect eligibility for a reverse mortgage, like Income, Credit History, Discharged bankruptcy and health of the homeowners. You might be asking, How is my equity determined? The allowable equity is calculated based on three factors. First the youngest borrower’s age, Secondly the appraised value of your home and third the FHA maximum loan limit for your country.

To ensure that you enter into a reverse mortgage with your eyes fully open and to ensure that you are not taken advantage of or scammed, there is a Federal requirement that you must obtain financial counseling from a source that is approved by the Department of Housing and Urban Development (HUD). Do not discount this counseling. It is very valuable and can usually be obtained for free or at a very low cost. It is best that you get such counseling from an independent source.

Reverse mortgages have helped hundreds of thousands of homeowners improve their quality of life in retirement. A Reverse Mortgage can help you retire more comfortably. It can provide you with money when you need it most. No Monthly Mortgage Payments, Easy Qualification, Tax-Free Money and No cash needed for closing costs. Can it get any better? If you’d like to find out how much money you qualify for and if you’re eligible, give us a call at (800)630-0650 and we’ll be more than happy to answer all your questions.

Tim Jacobs
Golden Years Mortgage Solutions
Your Money…When You Need It
www.GoldenYearsMortgageSolutions.com
(800)630-0650
tim@goldenyearsmortgagesolutions.com

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com  (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.