What will be tax deduction on 50,000 per year salary?

Hi,
I am offered a job in state department (Pennsylvania) and my salary will be around 50,000 per year. I am not sure how much my take home salary will be after tax deduction and other cut.

Appreciate if someone answer me soon as I am new in this state.

Thanks!!
Also, I have 2 kids and file tax return jointly.

can I write off a speeding ticket as a tax deduction?

I’m a sub contractor and I do a lot of driving. I got a ticket last year while on the job and was wondering if I can write it off in the deductions part of my tax return

Tax deductions for dependents?

I have three dependents: wife and two kids who are both under 17. How much can I deduct on my 2010 tax return for my dependents?

I have read that you can deduct 0 for each dependent plus 00 for dependents under 17. Is that correct and is that per year or per month?

When filing a federal tax return what happens if you make a mistake and take too many deductions?

I did my taxes online instead of having an accountant prepare them. I followed all the instructions and ended up having a larger than usual tax return. I’m very happy about this but am worried that I made a mistake. What happens if two people take the same dependents as a deduction?

Itemize the same tax deduction when filing separately?

Hi, We filed for Divorce in january 2009. My Ex and I are planning to file married but separately. If he itemized his deductions, I understand that I need to do the same, right? and If he claims the support for the daycare expenses, tax credits and the mortgage, can I claim the same deductions on my tax return? he hs paying for the mortgage and I have been for the daycare. Knowing that we do not communicate, are there any laws or rules on WHO should claim what?

Thanks.

Sales tax deductions?

I heard that if you save all of your reciepts throughout the year, and the sales tax is 00 or more, you can get a deduction on your tax return. Is this true, and are there any restrictions on what you purchase?

PMI tax deductions – are they allowed in 2008?

If I bought a house in 2008 and I paid PMI premiums on my mortgage in 2008, were those premiums tax deductible on my 2008 tax return? Are they also dedcutible in 2009 for the premiums I am paying in 2009? Most articles I read only state that buying a house in 2009-2010 allows for the tax dedcution.

overpaid state income tax itemized into federal deductions. any way to fix this year instead of next year?

When overpaid state income tax is itemized into the federal deduction, I get back federal money I’m not technically entitled to. Next year I will have to report the state refund and pay federal taxes on it.

1) Will I have to report the 2006 state refund only if I itemize on the 2007 tax return? If yes, great (though doesn’t make much sense), if not, where will it be reported?

2) Is there a way to adjust my federal taxes this year so that I don’t get back this federal money now and don’t have to report state refund next year? If yes, how? I was hoping for something on Schedule A, but I don’t see it.

Thanks.
Ok I see the answer to #1 — it’s like 10 on the 1040. Thanks, Bill.

But why would I have to amend my return? I haven’t filed it yet. I will know exactly what all the amounts are before I file, I just don’t know how to adjust my itemized deductions.

crazydave — your answer to my #2 doesn’t apply because if I receive a refund for 2006 taxes, I have to report it on my 2007 tax return. Withholding won’t change that. And no, I don’t need to adjust anything — this year is a special case and I didn’t know I’ll itemize until November.

The actual problem is that I plan to be in a higher tax bracket in 2007, so if I have to pay tax on my refund I will simply lose a small chunk of money.
skip — yes, it’s legitimate, and not just for 2006, it’s also for 2007. I think people are having a hard time reading the years in my question, but they are correct, you just need to pay attention — I refer to the 2006 tax return as the one due April 15 2007, and the 2007 tax return as the one due April 15 2008.

You said that "The clawback is to the extent of the tax benefit received." But according to my estimates it is not. Example — if my state refund is 0, then I will save this year (because that 0 is part of itemized deductions under "state taxes paid"), but I will pay next year.(because the refund will be reported on the tax return as income).
It’s too late to adjust anything for this year, and there won’t be any need next year.

I am going to itemize, there’s no question about it. I just want to itemize in such a way that my state tax refund is included in the federal calculation. Generally federal is calculated first, then propagated to the state forms. I need the info on the state form to make it back to federal. I want to pay the proper federal tax with my 2006 return, not with my 2007 return.
Clarification for Judy — 12% interest (~ 28/25) is a little too high, especially considering that I know all this in advance. There’s gotta be a way to fix it, does no one know….

can you deduct L&I deductions from your tax return?

I was told you can use what is taken out of your check for L&I as a deduction from our tax return.
yes we do itemize. The gal helping me with my taxes says we can deduct our L&I that comes out of our check. Just never heard of that before. Is it true? My husband is in the construction field and has quite a bit taken out for L&I each pay period.

Are there any deductions that a dependent can claim on their own tax return?

I am a college student, but I am still claimed as a dependent. I pay my own tuition and fees, but I was just curious if there were ANY deductions that I could claim on my tax return as a dependent?