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How much income tax should be owed on $95000, earned by a married

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couple in Colorado?...
How much income tax should be owed on $95000, earned by a married couple in Colorado?
Submitted: 7 years ago.Category: Tax
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Answered in 7 minutes by:
2/19/2010
Tax Professional: Lev, Tax Advisor replied 7 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,663
Experience: Taxes, Immigration, Labor Relations
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Assuming all income from wages, you file a joint tax return, use standard deduction, do not have any dependents, do not have other deduction and credits - your estimated income tax liability for 2009 would be $11,450.

You might be eligible for Making work pay credit - $800

If your tax liability is less than your withholding - you would be able to claim a refund.

If you itemize deduction - your tax liability might be less.

 

Let me know if you need any help.

 

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