Married Filing Jointly Deduction 2009
Question: 2009 tax calculator………………?
I am trying to figure out an estimate of what I will recieve back on my tax return. My husband and I got married this year so we will be Filing Jointly. I will end up making about 25000 after tax and my husband about 40000. We also bought a house this year so we will be getting the tax credit for that. We have 1 daughter and will be claiming about 1500 in daycare expenses. I can not find any calculator that doesn’t want all kinda of federal tax deductions and blah blah blah… anyone know How I can estimate this or find a sight to do it?
Answer: There are lots of factors which influence your total refund amount. However, there is a calculator available on the IRS website. Here is it
http://www.irs.gov/individuals/page/0,,id=14806,00.html
Just follow the link and input all your information.
Property-Tax Deduction and COBRA Subsidy Updates
Legislators didn’t extend the COBRA subsidy. But there’s still a chance that the property-tax deduction for non-itemizers will be revived.
Tax Forms & Deductions : How to File Taxes if Married Filing Jointly
Married Filing Jointly Deduction
Question: When Filing Jointly is the personal exemption added to the standard deduction for Taxable Income?
I used an online tax calculator and I noticed that as filing jointly as a married couple we receive a $10,700 deduction in addition to another personal exemption of $6,800. Is that how it works? is the personal exemption added to the $10,700 and deducted from the gross income leaving taxable income?
If we both earned $50,000 for the year will our taxable income be $50,000 – $10,700 – $6,800 = $32,500????
Thanks for any help in advance.
Answer: true … for this year
figures will change for next year
Give to Food Bank of South Central Michigan, get a tax relief
Would you like to receive some tax relief and help get food to your neighbors in need at the same time? There’s still a few days left to make a monetary contribution to the Food Bank of South Central Michigan (FBSCM) and receive a special Michigan tax credit, for up to half of your contribution. That’s in addition to any federal deduction you might claim.