|
#6
| |||
| |||
| Have you tried this one? It's been very accurate for my uses: http://www.taxvisor.com/taxes/index.html -- ==John Kohl <jtk[at]kolvir.arlington.ma.us |
|
#5
| |||
| |||
| On Dec 16, 6:17 am, Herb Smith <smithf...[at]aol.com> wrote: - quote - > On Dec 15, 8:10�pm, MWAZ <mwas...[at]gmail.com> wrote:
you can even get free tax programs like www.taxact.com> > I'd like to create an excel spreadsheet to calculate my federal tax > > this year. What is the appropriate formula that is used to generate > > the 2007 1040 tax table (married filing jointly). Is there a site that > > discusses this? > What do you think this is? 1982? > For less than $50 you can BUY a tax preparation program that will run > circles around anything you could concoct with an Excel spreadsheet, > and won't take 100 or more hours of your time to debug and run. but I suppose if you like the thrill of programming it could be done but chances are you would miss some obscure tax code calculation |
|
#4
| |||
| |||
| On Dec 15, 8:10 pm, MWAZ <mwas...[at]gmail.com> wrote: - quote - > I'd like to create an excel spreadsheet to calculate my federal tax
To answer you last question first: microsoft.public.excel.misc> this year. What is the appropriate formula that is used to generate > the 2007 1040 tax table (married filing jointly). Is there a site that > discusses this? would be one appropriate newsgroup in which to post the question. I used to use Excel to prepare the numbers for my tax returns. But I agree with the comments that you would be better off buying TurboTax, TaxCut or something of that ilk. Having said that, in order to compute federal tax for MFJ based on taxable income (line 43 in the 2007 Form 1040) in A1: =max(A1*10%, 1565+(A1-15650)*15%, 8772.50+(A1-63700)*25%, 24972.50+(A1-128500)*28%, 43830.50+(A1-195850)*33%, 94601+(A1-349700)*35%) There is a shorter equivalent formula. But I prefer this form because it can be constructed directly from the schedule. |
|
#3
| |||
| |||
| "joetaxpayer" <joetaxpayer[at]nospam.com> wrote in message news:FY6dnWljZO1IO_nanZ2dnUVZ_qPinZ2d[at]comcast.com... - quote - > MWAZ wrote:
Using the tax rate schedule, the tax table is generated by using the tax> > I'd like to create an excel spreadsheet to calculate my federal tax > > this year. What is the appropriate formula that is used to generate > > the 2007 1040 tax table (married filing jointly). Is there a site that > > discusses this? > see http://www.fairmark.com/refrence/2007reference.htm > It shows the rates, Standard Deduction and Exemptions, among other > numbers. Excellent source of info. > JOE (rounded to the nearest dollar) for the exact middle of the range. The table is in $50 range increments for $3k-$100k, $25 increments for $25-$3k, and $1 increments below $25 (grouped together by the resulting amount). Example: A taxable income of $33,282 is in the range of 33,250-33,300, and has a tax computed as if it were a TI of $33,275 (the middle of the range). |
|
#2
| |||
| |||
| On Dec 15, 9:17 pm, joetaxpayer <joetaxpa...[at]nospam.com> wrote: - quote - > MWAZ wrote:
That'll do it. Thanks Joe> > I'd like to create an excel spreadsheet to calculate my federal tax > > this year. What is the appropriate formula that is used to generate > > the 2007 1040 tax table (married filing jointly). Is there a site that > > discusses this? > seehttp://www.fairmark.com/refrence/2007reference.htm > It shows the rates, Standard Deduction and Exemptions, among other > numbers. Excellent source of info. > JOE |
|
#1
| |||
| |||
| On Dec 15, 8:10�pm, MWAZ <mwas...[at]gmail.com> wrote: - quote - > I'd like to create an excel spreadsheet to calculate my federal tax
What do you think this is? 1982?> this year. What is the appropriate formula that is used to generate > the 2007 1040 tax table (married filing jointly). Is there a site that > discusses this? For less than $50 you can BUY a tax preparation program that will run circles around anything you could concoct with an Excel spreadsheet, and won't take 100 or more hours of your time to debug and run. |
| | |||
| |||
| MWAZ wrote: - quote - > I'd like to create an excel spreadsheet to calculate my federal tax
see http://www.fairmark.com/refrence/2007reference.htm> this year. What is the appropriate formula that is used to generate > the 2007 1040 tax table (married filing jointly). Is there a site that > discusses this? It shows the rates, Standard Deduction and Exemptions, among other numbers. Excellent source of info. JOE |
|
#-1
| |||
| |||
| I'd like to create an excel spreadsheet to calculate my federal tax this year. What is the appropriate formula that is used to generate the 2007 1040 tax table (married filing jointly). Is there a site that discusses this? |
| Tags |
| formula, tax |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Which free cash flow formula Tuxster: Hi, Which is the "best" formula to use for calculating free cash flow? I've read about several. Free cash flow=(operating cash flow)-capital... | Financial Planning | 2 | 03-08-2008 06:01 PM | |
| Annualized Return Calculation Formula Geoffrey Zhu: Hi, Does anyone know how Money calculates Annulized return? Thanks, g | Microsoft Money | 4 | 03-30-2007 03:12 AM | |
| New Minimum Payment Formula harrelsonesq: Does anyone have any idea how to put the new formula into Money? It used to be 2% of balance, but most FI's are going to 1% + . Not being an... | Microsoft Money | 4 | 10-04-2005 05:23 AM | |
| formula for withdrawal rate beliavsky@aol.com: Does anyone know of a reasonable FORMULA with a mathematical basis for a suggested withdrawal rate in retirement, as a function of (1) life... | Financial Planning | 8 | 12-28-2004 12:20 PM | |
| Thread Tools | |
| Display Modes | |
| |