dashman81
Dec 28, 2007, 06:12 AM
A single male who made 46,000, lives in New York, pays 1,150 a month in rent and has about 300 dollars in deductions from interest on a student loan and graduate school tuition?
dashman81 Dec 28, 2007, 06:12 AM A single male who made 46,000, lives in New York, pays 1,150 a month in rent and has about 300 dollars in deductions from interest on a student loan and graduate school tuition? MukatA Dec 28, 2007, 08:08 PM Assuming that you will take this adjustment, then on wages of $46,000 the taxes are: Social security withheld $2852 Medicare withheld $667 Your Federal Income tax $4,736 Then you will have NY Income Tax and other taxes (if any). AtlantaTaxExpert Dec 29, 2007, 08:29 AM He may benefit from the Lifetime Learning Credit rather than the tuitiopn deduction, but I have NOT run the calculations. MukatA Dec 29, 2007, 09:14 PM Yes, dashman81 will save $600 on tax by claiming tuition deduction. So it may be better not to claim tuition deduction and go for Education credit. AtlantaTaxExpert Dec 29, 2007, 11:18 PM Looking at the original posting, it is NOT clear how much was spent on tuition. But it's a good bet it's MORE than $4,000. MukatA Dec 29, 2007, 11:32 PM Maximum tuition fee adjustment allowed is $4,000. AtlantaTaxExpert Dec 30, 2007, 12:31 AM That is true, but I believe the $300 citation is for interest paid. BEBZ Jan 17, 2009, 12:24 PM how much will a single female with 2 children who made about 9000 dollars in seven months lives in waterbury connecticut pays 325 for rent a month hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhowwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww muuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuucccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc willlllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii maaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaakkkkkkkkkkkkkkkkkkkkkkkkkkkkkkeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee Copyright ©2005-, Ask Me Help Desk
|
||||||||