your input is appreciated
2007-12-12 10:12:57 · 3 answers · asked by slota 1 in Business & Finance ➔ Taxes ➔ United States
No way to say. That will just reduce your taxable income by $3,000. The impact of that will depend upon your marginal rate. And whether you "get anything back" depends upon your bottom line tax liability and how much you have paid in through the year.
2007-12-12 10:21:09 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
There is a wonderful IRS calculator on the IRS website that may interest you. You can estimate your return or payment both ways - with or without deductions. Hopefully this helps.
http://www.irs.gov/individuals/article/0,,id=96196,00.html
2007-12-12 18:38:02 · answer #2 · answered by zahiradumaroc 2 · 0⤊ 0⤋
Its capital (capitol is the building) and it depends on your total income.
2007-12-12 19:51:41 · answer #3 · answered by Anonymous · 1⤊ 0⤋