This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
A much larger percentage of Americans will pay income taxes for 2022 than did so for 2020. Marian Weyo / Shutterstock.com
As the COVID-19 pandemic fades, more Americans are paying federal income taxes again. Roughly 40% of Americans — 72.5 million households — will not pay any income taxes this tax season, according to an analysis by the Tax Policy Center. While that sounds like a lot of people, it’s actually down sharply from recent years. For example, in 2020 — when COVID-19 was raging and millions were out of work…
More from my site
Here’s What Happens When You Don’t Start Saving for Retirement Until Your 50s
I’m Moving From a City to the Suburbs. How Will That Impact My Auto Insurance Costs?
15 Cities With the Biggest Increase in Tornadoes
Here’s Why I’ll Never Buy a Tesla
Why Ramit Sethi Says People Miss the Mark When Buying a Home
5 Amazing Costco Buys Under $100
