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Filing an income tax return is an action that rolls around once a year so keeping plan requirements and guidelines is key into a successful season. If you are just getting started or in the centre of the process here are 10 things you should know about income taxes.

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in the 401k, making my federal income taxable earnings $64,744.

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