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| *Loan,banking and credit>>>tax bracket |
If I make 30,000 a year and I am single, what tax bracket will I be in? |
I am trying to figure out a retirnment queastion. Schedule X 鈥?Single if taxable income is over $7,550 but not over $30,650 tax is $755 plus 15% of the amount over 7,550. This puts $30,000 in the upper and of the 15% bracket. Don't forget the personal exemption of $3200 and the $5000 standard deduction. You taxable income is about $23,800. Source(s): http://www.irs.gov/formspubs/article/0,,... a very low one Look in the back of the tax book, or go to the IRS website. THE HIGHEST ONE . SINGLE , IS THE ONE THEY WILL ALWAYS TAKE THE MOST OF. GOOD LUCK , TRY TO GET SOME WRITE OFFS . SUCH AS INTEREST ON PROPERTY YOU OWN, OR BUY SOME PROPERTY TO GET THE WRITE OFFS .....JUST MY THOUGHTS you just bascially made the 25% tax bracket. you can go to http://www.irs.gov/formspubs/article/0,,... to see all the brackets by income. but here it is for 2006 Schedule X 鈥?Single If taxable income is over-- But not over-- The tax is: $0 $7,550 10% of the amount over $0 $7,550 $30,650 $755 plus 15% of the amount over 7,550 $30,650 $74,200 $4,220.00 plus 25% of the amount over 30,650 $74,200 $154,800 $15,107.50 plus 28% of the amount over 74,200 $154,800 $336,550 $37,675.50 plus 33% of the amount over 154,800 $336,550 no limit $97,653.00 plus 35% of the amount over 336,550 Hope this helps irs web site |
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