How Homeowners Are Reducing Taxes Owed to IRS

How Homeowners Are Reducing Taxes Owed to IRS

What the average American pays in income tax each year can vary widely based on income, tax deductions, credits, and other factors. However, data from the Internal Revenue Service (IRS), the average federal income tax rate for all taxpayers was 14.5% in the 2018 tax year (the most recent data available). Additionally, many states also…