2008 Federal Tax Table

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If you are seeing for a straightforward way to frame out how much taxes you have to pay on your income, you have come to the right place. With a look at the 2008 Federal Tax Tables, you can see how much taxes are owed on your assessable earnings depending on your filing status. This quick look can also help you frame out what the right filing status is for you. Check the links at the lowest to learn how to maximize your refund and file your taxes for free.

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When you are calculating your taxes, you first have to rule your assessable income. You start with your total earnings which shows on your W2. From that, you subtract things like your mortgage interest and charitable contributions. You also get to take a deduction for each person living in your house.

When you are seeing at the 2008 Federal Tax Tables, you have to apply your earnings to each range. That means part of your earnings will be taxed at one range and other parts will be taxed at a higher rate. For example, if you were a single filer and had assessable earnings of ,000 you would have to pay 10% on the first ,025 then 15% on the whole from ,025 up to your total earnings of ,000.

2008 Federal Tax Table for single Filers

Income 2008 Federal Tax Bracket for Head of Household Filing Status

Income 2008 Tax Tables for Married Filing Separately Status

Income 2008 Tax Brackets for Married Filing Jointly Status

Income

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