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2015 Effective Tax Rate Worksheet
Texas City Independent School District
Date: 09/16/2019 10:03 AM
1. 2014 total taxable value. Enter the amount of 2014 taxable value on the 2014 tax roll
today. Include
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How to fill out 2015 effective tax rate
How to fill out 2015 effective tax rate
01
Gather all necessary financial documents such as W-2 forms, 1099 forms, and receipts for deductions.
02
Calculate your total income for the year by adding up all sources of income.
03
Determine your total deductions by subtracting any eligible expenses such as mortgage interest, student loan interest, and charitable contributions.
04
Use the tax brackets provided by the IRS to determine your taxable income and corresponding tax rate.
05
Calculate your effective tax rate by dividing your total tax liability by your total income.
06
Fill out the appropriate sections of Form 1040 or other necessary tax forms with the calculated information.
07
Double-check all entries and calculations to ensure accuracy.
08
Submit your completed tax forms to the IRS either electronically or by mail.
09
Keep a copy of your tax return and supporting documents for your records.
Who needs 2015 effective tax rate?
01
Individuals and businesses who are required to file a tax return for the year 2015 need to calculate their effective tax rate.
02
Taxpayers who want to better understand their overall tax liability and compare it to their income can also benefit from knowing their effective tax rate for 2015.
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