www.ExcelDataPro.

com A Adjustments Amounts

Simple Tax Estimator 1 Educator expenses $ -

Filing Status Married- Filing Jointly 2 IRA deduction $ 3,000
Number of Dependents 2 3 Student loan interest deduction $ 500
Number of Personal Exemptions (Self, Spouse) 2 4 Tuition and fees deduction $ 2,300
Total Personal Exemptions 4 5 Health savings account deduction $ -
Number of Filer above 65 1
Tax Bracket 10% 6 Moving expenses $ -
Assumptions Amounts 7 50% of self-employment tax $ -
Gross Annual Income $ 75,000 8 Self-employed Health Insurance Deduction $ -
Adjustments $ 5,800 9 Other Self-Employed Plans (SEP, SIMPLE, etc) $ -
Adjusted Gross Income (AGI) $ 69,200 10 Penalty paid on early withdrawal of savings $ -
Standard Deduction $ 1,550 11 Alimony paid $ -
Itemized Deductions $ 8,450 Total Adjustments $ 5,800
Personal Exemptions $ 16,200
Total Taxable Income $ 43,000 B Tax Credits Amounts
Tax Credits $ 400 1 Foreign tax credit $ 200
Tax Estimates $ 3,900 2 Credit for child and dependent care expenses $ 100
3 Credit for the elderly or the disabled $ -
4 Education credits $ 100
5 Retirement savings contributions credit $ -
6 Child tax credit $ -
7 Adoption credit $ -
8 Other Credits $ -
Total Tax Credits $ 400