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   TAX CALCULATOR
 
Joint Filers
 

Enter Income:
Enter Dividends Received:
Dependents 17 & older:
Dependents under 17:
Deduction Type: Standard
Itemized
Enter Deductions*:
Are you 65 or older? Yes No

* Standard deduction for the current law is $7950. Under the new Bush law, it will be increased to $9500.

 
This calculator shows the tax savings to a family as a result of the 2003 tax cut. The 2003 tax cut increased the standard deduction for married couples, increased the value of the child tax credit and reduced marginal rates. Some numbers that are used, such as the 2003 standard deduction for joint filers, are estimates of what the standard deduction would have been had the 2003 tax cut bill had not passed or was repealed.
 
 

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