taxes
 






 

Question by  madhanprasana (109)

How do you go about figuring your income tax?

 
+7

Answer by  Kurt (4579)

The tax forms pretty much lead you through the process. #1 Add up your income from salaries, interest, gains on investment sales, etc to get adjusted gross income #2 claim your number of exemptions # 3 adjust for any deductions # 4 Calculate your tax A tax software is best to calculate information for you.

 
+6

Answer by  Kurt (4579)

You will need your W2 forms, tax statements if you had other income ( investments or dividends ). Probably best if you use a tax software to walk you through.

 
+6

Answer by  technogeek (6640)

Each line on a tax return clearly explains what you should insert in that line. If the question does not pertain to you, then you leave it blank.

 
+3

Answer by  barkley (951)

Income taxes are based on your specific situation, different for everyone. You may want to get a copy of IRS publication 17 to answer general questions, just go to irs. gov.

 
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