When preparing their financial information for tax season, it's important for taxpayers to have an idea of how much they'll be paying. Even if your income didn't change, the amount you're paying in taxes may.
Several factors affect your taxes – not just your job and income, but your family situation as well.
The way this is all broken up to determine taxes is known as a tax bracket. Knowing what tax bracket you're in and how they've changed in the past year can help you prepare for tax day.
So, what are tax brackets, and can you use them to calculate how much you'll owe?
Steve Fiorillo | TheStreet