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How to use this Tax Calculator:

• Filing Status: Choosing the correct filing status is very important, as it determines the income levels for your Federal tax bracket, your standard deduction, personal exemption, and deduction phase out of incomes, etc.
• Married filing jointly: If you were married on the last day of December 2006, you can file a joint return with your spouse. If your spouse died during the tax year(2006), still you can file a joint return.
• Qualified Widow(er): You can choose this status if your spouse died during the previous tax year (2005) and you and your spouse filed a joint tax return in the year immediately prior to their death (2004). You are also required to have at least one dependent child or step child for whom you are the primary provider.
• Single: If you are unmarried, divorced, or legally separated as of the last day of the year, you should select single filing status.
• Head of household: Select Head of Household as filing status, If you are an unmarried individual with at least one qualifying relative and you pays for more than half of the cost to keep up a home.
• Married filing separately: If you are married, you have the choice to file separate returns. Choosing this filing status may result in less refund.
• Gross Income. Enter your total Adjusted Gross Income (AGI). Find your gross income by adding all your 2006 wages, salaries, tips, interest, dividends and gains, etc. Now you can calculate the AGI by taking out all adjustments from the gross income
• Dependents. A dependent is someone you support and for whom you can claim a dependency exemption.
• Itemized Deduction: Enter the itemized amount, if you have some idea about total itemized deduction amount for 2006. If you itemized in 2005, then use 2005 Schedule A as a guidelines. If you are not sure leave it default and standard deduction for your filing status will be used automatically.
• Average Tax Rate. This is your average tax rate.
• Tax Bracket. You are in the tax bracket shown in this field.

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