the+personal+income+tax

the+personal+income+tax - ThePersonalIncomeTax...

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Click to edit Master subtitle style The Personal Income Tax Economics of Taxation Rutgers University Fall 2010  
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Start with a tax form…. p 1040EZ  You may qualify to use Form 1040EZ, the simplest form, if:   n Your taxable income is below $100,000 n Your filing status is Single or Married Filing Jointly n You (and spouse) are under age 65 and not blind n You are not claiming any dependents n Your interest income is $1,500 or less p 1040A  You may be able to use Form 1040A if: n Your taxable income is below $100,000 n You have capital gain distributions n You claim certain tax credits n You claim deductions for IRA contributions, student loan interest, educator expenses or  higher education tuition and fees p 1040  If you cannot use either a 1040EZ or 1040A, you probably need to use Form  1040. You must file form 1040 if:
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1040EZ
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1040-EZ http://www.irs.gov/pub/irs-pdf/f1040ez.pdf
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1040A http://www.irs.gov/pub/irs-pdf/f1040a.pdf
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Income
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Adjusted gross income
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Tax credits, and payments
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Refunds or liability
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Income tax parameters 2010 Individual Income Tax Rates, Standard Deductions, Personal Exemptions, and Filing Thresholds If your filing status is Single If your filing status is Married filing jointly Taxable Income Taxable Income But not Marginal Rate But not Marginal Rate Over --- over --- Over --- over --- $0 $8,375 10% $0 $16,750 10% $8,375 $34,000 15% $16,750
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the+personal+income+tax - ThePersonalIncomeTax...

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