The Tax Preparation Blog

Posts Tagged ‘federal income tax’

Question: How much federal tax will i owe?

I made w-2 $11,588 interest income $4,466

total income $16,054

30 years old, single, no dependants.

If possible can you provide me a link to a tax estimator or calculator?

Answer: your non taxable income is $9350, leaving $6704 as taxable and the lowest rate is 10%, which would be $670(could be slightly higher)
you also have Sch M. to help you ease the tax pain(a little)

Gillard reveals carbon price scheme

Julia Gillard is staking her political future on billions of dollars worth of compensation designed to help households offset the impact of the new carbon tax.

UIC Financial Aid Webinar Part One: Myths of Financial Aid

Congress nears tax deadline – From the Poughkeepsie Journal

WASHINGTON — Lawmakers returning to Washington for a lame-duck session next week already have identified their top agenda item: tax cuts enacted during the Bush administration that expire at the end of the year.

Drew Miles on 2010 Estate Tax extension

Brunswick Reports Third Quarter Results

LAKE FOREST, IL–(Marketwire – 10/28/10) – Brunswick Corporation (NYSE: BC – News ) today reported results for the third quarter of 2010: Net sales of $815.4 million, up 22 percent versus third quarter 2009. Net loss of $7.2 million, or $0.08 per diluted share, which includes $0.14 per diluted share of restructuring, exit and impairment charges. Operating earnings of $25.2 million, a $134.6 …

Former IRS Agent and Ron Paul say Federal Income tax is illegal

Question: HOW MUCH WILL BE TAKEN OUT OF MY PAYCHECK?

I live in Virginia. I did that calculator online…but I’m not really sure what qualifies as taxable income.

I’ll be making $17 an hour, 40 hours a week. So roughly $680 a week.

I claim myself for Virginia taxes, as a single person, and exempt myself from Federal taxes.

Anyone know what my net income will be?

Answer: 7.5% goes toward Social Security then 3% medicare.
State Taxes, unemployment insurance and what ever else Virginia takes

5 ways to get your retirement back on track

The road to retirement is positively littered with obstacles. Investment portfolios have been rear-ended; home equity, once a reliable supplement to savings, is deflated; job losses and pay cuts further impede progress.

This is a Center for Data Analysis Report On Taxes

Abstract: The Economic Freedom Act, proposed by Representative Jim Jordan, would terminate the ineffective Troubled Assets Relief Program (TARP), and substitute a proven way to stimulate the economy: tax relief—from permanent repeal of the capital gains and death taxes to significant reductions in payroll taxes and the top corporate tax rate.

1040A Federal Income Tax Form for 2010, 2011