Debt-Free Journey: Steps to Financial Liberation
Your debt doesn’t define you — your next steps do. Debt can feel like a heavy weight, holding
Your debt doesn’t define you — your next steps do. Debt can feel like a heavy weight, holding
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`; return; } const std = useStd ? STANDARD_DEDUCTION_2025[status] : 0; const taxable = Math.max(0, gross - std); const { rows, totalTax, marginalRate, effectiveRate } = calculateBreakdown(taxable, BRACKETS_2025[status]); $("stdDeductionLabel").textContent = money(STANDARD_DEDUCTION_2025[status]); $("taxableIncomeOut").textContent = money(taxable); $("totalTaxOut").textContent = money(totalTax); $("marginalRateOut").textContent = pct(marginalRate); $("effectiveRateOut").textContent = pct(effectiveRate); const bodyRows = rows.map(r => `| Bracket range (taxable income) | Income taxed in this bracket | Tax from this bracket |
|---|---|---|
| No taxable income falls into these brackets. | ||
| Total | ${money(taxable)} | ${money(totalTax)} |
Note: This is federal income tax from brackets only. Real tax returns can differ because of credits (like Child Tax Credit/EITC), other deductions, self-employment tax, and state/local taxes.
`; } function init() { if (!$("taxBracketTool")) return; // not on this page $("stdDeductionLabel").textContent = money(STANDARD_DEDUCTION_2025[$("filingStatus").value]); $("calcBtn").addEventListener("click", render); $("filingStatus").addEventListener("change", () => { $("stdDeductionLabel").textContent = money(STANDARD_DEDUCTION_2025[$("filingStatus").value]); render(); }); $("useStandardDeduction").addEventListener("change", render); $("grossIncome").addEventListener("input", () => { // Optional: live update as they type (comment out if you prefer button-only) render(); }); render(); } // Run after DOM is ready if (document.readyState === "loading") { document.addEventListener("DOMContentLoaded", init); } else { init(); } })();