Can someone explain how this all works? New to the game this year, here are some questions I have:
1. Under $600 = no taxes?
2. Is over $600 taxed like normal income at your income bracket?
3. Is the $600 taxed as well or just what is over $600?
1. Under $600 = no taxes?
2. Is over $600 taxed like normal income at your income bracket?
3. Is the $600 taxed as well or just what is over $600?