1 minute ago, former said:

Chitti, Tax brackets lo below lekkalu chupisthundi. konchem explain cheyi:

Standard Deduction and Personal Exemption

The standard deduction for single and married couples filing jointly will not increase in 2016 (Table 2). For taxpayers filing as head of household, it will increase by $50 from $9,250 to $9,300.

The personal exemption for 2016 will be $4,050.

Table 2. 2016 Standard Deduction and Personal Exemption (Estimate)
Filing Status	Deduction Amount
Single	$6,300.00
Married Filing Jointly	$12,600.00
Head of Household	$9,300.00
Personal Exemption	$4,050.00
Source: Author’s Calculations.

Assume total income  = 100k

if Single - you pay tax for 100-6300 = 93400

if married filing jointly - you  pay tax for 100-12600 = 87400

 

On 11/11/2016 at 0:31 PM, Spartan said:

Tax calculator helping tool.

u can easily estimate your tax returns/payment here.

https://turbotax.intuit.com/tax-tools/

 

Brother ki masters fee pay cheysa..tax filing lo dependant ga file cheyacha ?

tax filing /intrest lekkaku antey ney burraki ekkavu 

On 11/12/2016 at 11:50 AM, mettastar said:

File separate or file joint rendu options.. ela aina same taxes cut avuthayi. 

 

 

Joint epudu apply chesthamu ? House hold ee case lo apply chesthamu?

3 minutes ago, Spartan said:

Assume total income  = 100k

if Single - you pay tax for 100-6300 = 93400

if married filing jointly - you  pay tax for 100-12600 = 87400

 

 

Mari dependents ki entha isthadu? Personal exemption ante emiti ?

6 minutes ago, ALFANI said:

Brother ki masters fee pay cheysa..tax filing lo dependant ga file cheyacha ?

tax filing /intrest lekkaku antey ney burraki ekkavu 

cheyalemu..because F1 is not ur dependent no..

7 minutes ago, former said:

Joint epudu apply chesthamu ? House hold ee case lo apply chesthamu?

pelli ayeta joint file chestav..adme qn.

if both earning..daniki tax bracket veruga untadi.

based on combined income u decide wether to pay individually or joint.

 

To file as head of household:

1. You must be single or have been separated for the last half of the year.
2. You must have a qualifying dependent live with you at least half the year. (Unless it's a parent:.)
3. You must have paid more than half the maintenance costs for the home where you and the dependent lived.

7 hours ago, Merabharathmahan said:

Spartan brother,

per diem teesukovacha oka $1k per month ala h1b meeda? 

contracting lo 401k IRA laku sign up avvadam kashtam kada due to in consistency of job. 

 

Per diem amount nee pay check lo vasthe nevu eduru kattalisi vasthadi antaru.

401k emplyer offer chesetene. consulting ayithe ira choose cheyali anukonta

9 minutes ago, former said:

Mari dependents ki entha isthadu? Personal exemption ante emiti ?

if u r married with one kid,

then add that personal exemption to that joint std deduction and pay tax for that.

 

so inthis case tax income  = 100k - (12600+4050)

last year w2 e sari tax estimator lo vesthay you owe antundhi enti...

2 minutes ago, argadorn said:

last year w2 e sari tax estimator lo vesthay you owe antundhi enti...

import chesava.?

5 minutes ago, Spartan said:

pelli ayeta joint file chestav..adme qn.

if both earning..daniki tax bracket veruga untadi.

based on combined income u decide wether to pay individually or joint.

8

Ippati daka wife ki ssn lekapothe Head of household chesthru anukonna.

Thanks for the clarification.

2 minutes ago, former said:

Ippati daka wife ki ssn lekapothe Head of household chesthru anukonna.

Thanks for the clarification.

wife ki SSN lekapote ITIN apply cheyali..

along with filing taxes fill W7 form.. ITIN vastadi..it is valid for 3 yrs..and can be renewed until she gets ssn.

Medical bills entha ayithe claim chesuko vachhu? ee year hsa oka $1700 vesa but motam oka $3500-4000 ayindi. so hsa kakunda remaining amount ki tax file chesukovachha ?

17 minutes ago, Spartan said:

pelli ayeta joint file chestav..adme qn.

if both earning..daniki tax bracket veruga untadi.

based on combined income u decide wether to pay individually or joint.

 

To file as head of household:

1. You must be single or have been separated for the last half of the year.
2. You must have a qualifying dependent live with you at least half the year. (Unless it's a parent:.)
3. You must have paid more than half the maintenance costs for the home where you and the dependent lived.

okavela wife h4 dependent november last week nundi parttime (less than 20 hours per week) shoping mall lo $8/hr job chesthe tax filing lo employed ani chuyinchala? They pay with pay check legally. So last 35 days in the year lo dependent ki parttime job vasthe tax filing lo ela chesthe better. Naku 95k daka vastadi ee year motham salary. Married joint filing chesa last year. 

3 hours ago, Spartan said:

hmm..holidays racha rambola ana maata aite neeku.

🙃