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Tax Changes for - High incomes will pay an extra % Net Investment Income Tax as part of the new healthcare law, and be subject to limited deductions and phased-out exemptions (not shown here), in addition to paying a new . Our tax return calculator will estimate your refund and account for which credits are refundable and which are nonrefundable. Because tax rules change from year to year, your tax refund might change even if your salary and deductions don’t change. In other words, you might get different results for the tax year than you did for Self-employment tax consists of Social Security and Medicare taxes for individuals who work for themselves. Employees who receive a W-2 only pay half of the total Social Security (%) and Medicare (%) taxes, while their employer is responsible for paying the other half.

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Calculator for tax return - Advisory: Information relates to the law prevailing in the year of publication/ as www.nashapobeda60.rus are advised to ascertain the correct position/prevailing law before relying upon any document. Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances.