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Filing Basics. It is important recognize what to report near the tax return. Include the correct name, social security number, and mailing address on your return. If filing electronically include the routing and account number for each account that you just will use for direct deposit and payments.

If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is most likely to be approximately 3200 dollars.

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