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How do I figure out if I will owe taxes
If you want to predict the, the easiest solution is to get hold of a copy of last year's tax forms and fill them in with estimated numbers.  Odds are that none of the more complicated deductions will apply to you this first time around, so I'd suggest just using the federal 1040EZ, and your state's equivalent, for this purpose. If it turns out that you can claim anything more than the standard deduction, that would reduce your taxes, so this is leaning toward the safe side.