Your Financial Guide Taxes

Understanding the tax implications of financial decisions is crucial for managing your finances efficiently. Taxes can significantly impact your overall financial picture, and being aware of how different transactions and investments are taxed can help you make informed decisions. Here are some key areas to consider:

1. Income Taxes:

• Earned Income: Wages, salaries, bonuses, and other forms of earned income are typically subject to income tax.
• Investment Income: Income from investments, such as interest, dividends, and capital gains, may have different tax rates.