To determine the tax on an income of $23,000 with 2 dependents, you need to consider the standard deduction and any applicable tax credits. For the 2023 tax year, the standard deduction for a single filer is $13,850, which would reduce taxable income to $9,150. The tax owed would be calculated based on the tax brackets, and you may also qualify for the Child Tax Credit, which could further reduce your tax liability. For precise calculations, consulting a tax professional or using tax software is recommended.
what will be the tax owed on $60,000.00 for single and no dependents?
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
lion
The 10% and the 15% marginal tax brackets.
1040A
how much income tax do i owe on $23,000 with 0 dependants
what will be the tax owed on $60,000.00 for single and no dependents?
It is: 2% of 23000 = 460
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
40%
1916.6667
Yes you can.
lion
The 10% and the 15% marginal tax brackets.
If I make 4,218 a month, what would my tax rate (net income) be with 4 dependents.
1040A
You can file taxes if you have dependents starting in January, once you have received all necessary tax documents.