Income Taxes Financial Planning for Women February 2008 Garman/Forgue Personal Finance 9th ed. Presented by Danielle Walker Objectives - be able to : Calculate your marginal tax rate & apply in tax planning Reduce your taxable income
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Financial Planning for Women
Garman/Forgue Personal Finance 9th ed.
Presented by Danielle Walker
6. Determine your preliminary tax liability
7. Subtract tax credits for which you qualify
8. Calculate the balance due the IRS or the amount of your refund
Wages and Salaries
Gambling and Lottery Winnings
Capital Gains and Losses
Inherited money or property
Income from a carpool
Federal income tax refunds
Child support paymentsAdjusted Gross Income (AGI)
*AGI- gross income less any exclusions and adjustments