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How is personal rate of return calculated? The benefits of using the Modified Dietz method American Funds uses the Modified Dietz method an industry-accepted approach to calculate your personal rate
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The personal rate is the tax rate at which an individual is taxed on their personal income.
Individuals who earn income are required to file a personal rate.
To fill out a personal rate, individuals must report their income, deductions, and any credits they may be eligible for.
The purpose of the personal rate is to determine how much tax an individual owes based on their income.
Income, deductions, and credits must be reported on a personal rate form.
The deadline to file a personal rate in 2023 is April 15th.
The penalty for late filing of a personal rate is a percentage of the unpaid tax amount, which increases the longer the return is overdue.
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