If I make 180,000 a year how much would i have to pay in taxes i have a son he's 3 and i live in florida
if i make 180,000 a year how much would i have to pay in taxes i have a 3 yr old son
Could you tell me if your filing status is Head of Household.
Could you also tell me if you have any other source of income such as interest, dividends or stock sales?
Do you plan to itemize your deductions or use the standard deduction allowed by the IRS?
yes i'm a single mother no i dont have nothing else
i guess use the irs allows
If you are filing as Head of Household you would be allowed a standard deduction of $8,000 and you would also be allowed a personal allowance of $3,500 each for you and your son. That gives you total deductions of $15,000, leaving you with a taxable income of $165,000.
Your federal tax on that amount would be $37,883. Since you live in Florida there is no state tax due.
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