The new federal income tax laws inadvertently caused a massive tax increase hurting Gold Star Families. Survior benefits are now being taxed at 35% instead of ordinary income rates (typically 10%-12%). Gold Star families are now in the same tax bracket as people making over $400,000.
Area Gold Star Families hurting due to new federal tax laws
The new federal income tax laws inadvertently caused a massive tax increase hurting Gold Star Families. Survior benefits are now being taxed at 35% instead of ordinary income rates (typically 10%-12%). Gold Star families are now in the same tax bracket as people making over $400,000.
Today’s News Sponsored by:
Fredericksburg Free Press Founding Corporate Supporters
