Does anyone know what the chart is called that I am looking for or a link directly to it? It shows how much an individual makes and the tax bracket that they would be placed in, the tax they pay and the percentage of what the return might be. I dont know if I have all the info correct but it would be similiar to what I explained. thanks for any help!
2007-11-30 03:07:38 · 5 answers · asked by Sunshine 4 in Business & Finance ➔ Taxes ➔ United States
ok maybe its not in a chart form...but I have seen it on the IRS website so what I am looking for does exist. I know that it will not tell me exactly how much i paid in taxes and how much my return will be. It shows something like if you make X amound of dollars your taxes in 12.5%. It is something similiar to that.
2007-11-30 03:26:40 · update #1
Go to irs.gov and download the instructions for form 1040 and look for "tax tables". It's also in Publication 17, toward the back - you can download that at irs.gov also
Note that the charts use taxable income, not gross, so you'll have to subtract your deductions, allowances and exemptions before using the table.
2007-11-30 03:27:57 · answer #1 · answered by Judy 7 · 5⤊ 0⤋
Using the Estimated Tax Form may be easier for you
2007-11-30 04:45:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No such chart exists.
Refunds are not based on a percentage.
HRBlock.com has a Tax/Refund Estimator at:
http://www.hrblock.com/taxes/tax_calculators/index.html?calcIndx=18&referlink=box3
2007-11-30 03:20:44 · answer #3 · answered by Wayne Z 7 · 0⤊ 2⤋
Here's the table Judy is referring to:
http://www.irs.gov/formspubs/article/0,,id=164272,00.html
Remember, this is TAXABLE income, NOT gross income! You must subtract your adjustments, exemptions and deductions first before using this table.
2007-11-30 04:07:39 · answer #4 · answered by Bostonian In MO 7 · 3⤊ 1⤋
http://www.irs.gov/pub/irs-pdf/p17.pdf
2007-11-30 04:45:08 · answer #5 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋