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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is those approximately 3200 dollars.

You to be able to file a tax return for any particular one year a couple of years before the bankruptcy. To become eligible to wipe the debt, you might have have filed a tax return for the internal revenue service or State debt you would to discharge at least two years before your bankruptcy filing. Thus, although the debts are over several years old, inside your filed the return late and 2 has not passed, a person cannot block out the Government or State tax your debt.

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