Thank you all for the quick feedback and informative answers. I have a few return questions, if you don't mind.To find your effective tax rate, which will be lower, divide "total tax" from your return by gross income.Is the "total tax" the sum of Federal, FICA, Disability, and State, or just the first 3? Also, since I live in NYC, I get taxed about 3.3% by the city, does this add to my "total tax"?As far as the itemized vs. standard deduction, I itemize every year as I have several work related expenses and have also taken some losses on some stock sales. So, am I correct to assume that my property taxes and mortgage interest can just be added to that itemized number?
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