College Students and Taxes


College graduates and those who are about to open a new business might consider the following information from the piece handy:

  • Understanding tax rates and how to calculate them
  • Knowing tax exemptions in the U.S. Tax Code,  applicable to a few
  • Differentiating tax rates from different industries and incomes
  • How to file taxes and correct tax mistakes

It is also noted that the brackets for the head of household are wider, so a 12% rate that would allow a maximum income of $41,775 is stretched to $55,900 at the same rate for this person.