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Simple IRA Calculator for 2009, 2010

Are you looking for a simple IRA calculator? If you’re like me, you want to find information right away without spending ten minutes trying to navigate around a website.

Turbo Tax has a powerful but, simple and easy to use IRA calculator. When you go to their website the tab is on the top right side of the page. The tab is called Tax Calculators & Tips. Just click through and the software loads automatically.

There are few different calculators to choose from. One is for calculating a tax refund. The Life Events Advisor helps you to take a good look at your life to see how any major changes will impact your tax bracket.

Then we have a simple IRA calculator. You will answer a few questions about your marital status, your age and, information about retirement plans. This software is so easy to use because it has a graphical lay out that is instantly intuitive. You will know exactly what to do without any confusion.

There are a few things you may want to know about 2009. If you are covered by a retirement plan at work, your deduction for contributions to traditional IRA is reduced if your modified annual gross income is:

  • Greater than $89,000 but less than $109,000 for a qualifying widow(er) or a married couple filing jointly.
  • Greater than $55,000 but less than $65,000 for head of household, or a single individual.
  • Less than $10,000 for a married individual filing a separate return.

You will find information on your deduction which depends on a retirement plan that covers your spouse but, not you. Of course this all depends on the amount of your income. As we all know when it comes to taxes, things change every year.

If you’re looking for more information about a simple IRA calculator or traditional IRA rules and guidelines then, make life easier for yourself and visit TurboTax Online today. The calculator is free and easy to use. If you have any questions, the tax experts are always standing by ready to help you in real time. Give the FREE tax calculator a try today!

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One Response to “Simple IRA Calculator for 2009, 2010”
  1. Good article regarding Tax Return calculator and i think it’s a really useful for US people and people are looking for free tax return calculator.

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