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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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Answers. 2 helpful answers below.

  • 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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  • by Wellduh on February 2nd, 2010

    Wellduh

    There are lots of variables in that. You need to sit down and figure out what other deductions you have and get that answer for yourself.

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