Definitions for "tax bracket"
The level of income tax of a given individual, as indicated by the amount of...
The category into which you fall for federal income tax purposes based on the tax rate that would apply to your next dollar of income. Under a progressive tax system, increases in taxable income generally put the taxpayer in a higher tax bracket with higher income tax rates. Under current federal tax law, there are five tax brackets for individuals: 15%, 28%, 31%, 36%, and 39.6%.
Schedule of income tax with various percentage rates depending on amount.
Keywords:  deductible, credit
tax credit tax-deductible