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by edancz on February 2nd, 2010

edancz

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If i gross 65,000 a year and i claim 2 dependents on my taxes how much will i get at the end of the year after taxes? Also if i made 60000.

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  • by Anonymous on February 2nd, 2010

    Anonymous

    I'll assume you are head of household, not married (you didn't say). The standard deduction would be 8,400+950+950=10,300. The three personal exemptions would be 3,650*3=10,950. Add them together and you get 21,250. Subtract that from your income and you get 65,000-21,250=43,750 of taxable income. The tax on that is 7,275. So you would clear 65,000-7,275=57,725. Or 60,000-6,038=53,962. These are only approximations based on limited information.

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