Posted by: NayaSadak August 24, 2007
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This is what I got from TAXACT.COM and you can manupulate it.
I did not fill in the scholorship and expenses because all your scholorship amount had made taxable and logically there is no way to fill in that part will be double dipping. I mean adding more income. Is this the result you got using Turbo Tax. Turbo tax is expensive and I prefer to use TaxACt.com which is easy as turbo and less expensive.
You can log to kathandu.nepal and password is himpo27
Federal Income: $15,112
Adjustments: $0
Adjusted Gross Income: $15,112
Deductions: $5,150
Exemptions: $3,300
Taxable Income: $6,662
Tax: $668
Alternative Minimum Tax: $0
Credits: $668
Other Taxes: $0
Payments: $1,917
Underpayment Penalty: $0
Federal Refund: $1,917
State Federal Taxable Income: $6,662
Additions: $0
Subtractions: $0
Minnesota Taxable Income: $6,662
Minnesota Tax and Contributions: $356
Minnesota Withholdings and Credits: $750
Refund: $394 394.
Property Tax Refund: $0