Do you pay state income taxes or do they refund you like federal income taxes do?

Do you pay state income taxes or do they refund you like federal income taxes do?
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1 Answer

Answer :

The last 4 years, I have had to pay the Feds, and got less money back from the State.
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What happens if you don't pay your federal income taxes?

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When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?

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Do you have to pay sales taxes on intangible things sold on the internet?

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Last Answer : It is a service they pay for, so taxes apply in any case, and yes, it is always your responsibility.

Do you pay estimated taxes as a freelancer?

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Based on the tax refund cycle chart if your refund isn't deposited on the scheduled date does it automatically mean it has to be reviewed?

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Last Answer : My daughter is having EXACTLY the same problem. She filed on the 2nd as well and was supposed to get it on Wednesday, the 15th. When she calls, all she gets is, It hasn't been processed yet ... track their refunds on line, but that returns are being processed normally. Doesn't sound like it to me.

On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

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What online personal income tax software for both federal and state taxes can you recommend?

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Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

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4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

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I had to pay money to state and federal last year. Can that money be claimed on this years taxes?

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Last Answer : how much is $60 add tax You can deduct the 2009 State Taxes you paid in 2010 on Schedule A (if you itemize). Federal tax payments are not deductible according to the IRS Website

What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

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I have Form 1099R in my posession, which Form do I need to file my information in order to receive my federal income taxes withheld?

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Last Answer : I have Form 1099R in my posession, which form o I need to file my information in order to receive my federal income taxes with held?

How much do I have to earn before I start paying federal income taxes?

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Last Answer : If self-employment is your only income for the year, the filing threshold is $400 for the entire year. This figure is the total amount that you earned before your have deducted your business expenses. You will need to fill out Schedule C or C-EZ to document self-employment income and expenses.

What are deductions allowed when calculating federal income taxes?

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Last Answer : The deductions allowed whe calculating federal income taxes are as follow: Mortgage interest, charitable contributions, job expense, miscellanoous expense, medical expense in excess of 7.5 of income, and payment of state and local property taxes.

What are taxes that you pay to the federal government?

Description : What are taxes that you pay to the federal government?

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Can you pay your federal taxes online?

Description : Can you pay your federal taxes online?

Last Answer : Yes, you can pay your federal taxes online using a credit card, if you have one. You will need to go to the website stated on your return and then follow the instructions given.

I e-filed my 2012 taxes on 2/15/2013, still no refund!

Description : I e-filed my 2012 taxes on 2/15/2013, still no refund!

Last Answer : Did you call the IRS line at 800–829-4477?

If I file taxes via Turbo Tax or go to H&R Block, how long will it take to get a refund?

Description : If I file taxes via Turbo Tax or go to H&R Block, how long will it take to get a refund?

Last Answer : answer:I just did mine through the TurboTax free edition. I got my w2 on 1/15, filed on 1/18. The IRS began processing refunds on 1 / 30. Mine cleared in my bank account on 2/8. They’re pretty damn quick. Direct deposit is the way to go.

on my city tax, if i owe no taxes and aren't getting a refund, can i file a day late?

Description : on my city tax, if i owe no taxes and aren't getting a refund, can i file a day late?

Last Answer : No you need to file anyway or depending on your city they will pentalize you for being late then have to pay a pentality for being late in filing

Does starting a new business help you with your tax refund when filing taxes.?

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Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

The writ of 'Habeas Corpus' is issued in the event of – (1) Los of property (2) Refund of excess taxes (3) Wrongful police detention (4) Violation of the freedom of speech

Description : The writ of 'Habeas Corpus' is issued in the event of – (1) Los of property (2) Refund of excess taxes (3) Wrongful police detention (4) Violation of the freedom of speech

Last Answer : (3) Wrongful police detention Explanation: Habeas corpus means "you must present the person in court". It is a writ (legal action) which requires a person under arrest to be brought ... prisoner can be released from unlawful detention, in other words, detention lacking sufficient cause or evidence.

How long does it take to get a refund from my federal tax returns?

Description : How long does it take to get a refund from my federal tax returns?

Last Answer : People normally get their federal tax returns in the time period of March to April. Depending on where you are located and when you filled it out, this may differ, but usually it's near the end of the 1st quarter of the year.

What are the qualifications for a federal tax refund?

Description : What are the qualifications for a federal tax refund?

Last Answer : You qualify for a federal tax refund if you have reached the tax reporting threshold and filed for income taxes. The tax reporting threshold varies depending on your age and marital status.

Where are federal tax refund checks mailedfrom for oklahoma?

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Last Answer : Oklahoma State Tax Refund Status Information - OnLine Taxes. Simply call (405) 521-3160 or in-state toll free (800) 522-8165, extension 13160 and select the option to Check the status of an income tax refund

What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

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Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.

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Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc. 

do retirees pay state income taxes in Alabama?

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Last Answer : No

We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

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Do I need to be worried about taxes/business license on my side projects?

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How do taxes work when you use an online temp/assistant service?

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How are my LLC's taxes broken down by percentage?

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Can I claim my home office on my taxes?

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Has anyone had to file taxes as a small business or partnership before?

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Is there any way to estimate payroll taxes for a business?

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Do you pay higher taxes with a higher income?

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I inherited an IRA from my mother who passed away last year. Do I have to pay taxes on the IRA Does it go directly on my Income Thanks.?

Description : I inherited an IRA from my mother who passed away last year. Do I have to pay taxes on the IRA Does it go directly on my Income Thanks.?

Last Answer : Yes, you will have to pay taxes. You can take the money lump sum and pay the taxes this year, or you can roll it over into an inherited IRA and pay the taxes as the money is distributed. You will be taxed at your normal marginal tax rate.

My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Description : My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Last Answer : If she is your ex-wife, you probably aren't liable for her back taxes. Usually, your legal separation agreement will stipulate that you are each responsible for your own taxes. If so, I would think you're off the hook for this.

6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment spending is $2000. In order to avoid recessions and inflation (to have equilibrium), the government should have a: a. balanced budget b. budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

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If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Description : If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Last Answer : My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

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Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

What do you plan to do with your income tax refund this year?

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Last Answer : I am not planning on getting one.

How long will it take to receive my income tax refund?

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Last Answer : This can vary depending on your method of filing, as well as requested method of receipt. If you file online, and request direct deposit, it can be as soon as two weeks.

How long is the average time after filing your income tax return that you will receive your refund?

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Last Answer : You can usually expect to get your tax return refund 21 days or more from the filing date depending on how you file.

What is an income tax refund?

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Last Answer : An income tax refund is money that you receive back from the government from all the withheld taxes that were on your employment income. You usually receive this money through your bank or in the mail.

already filed federal where can i file state taxes only for free online”?

Description : already filed federal where can i file state taxes only for free online”?

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Is it difficult to get a refund when you pay for FedEx Priority Overnight and your package doesn't arrive on time.

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Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for recovery of amount exceeding his share. B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun C. On payment by Deepak, the contract is discharged and Ashwani and Tarun are also not liable to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.

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Last Answer : B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun

Can interest on Home Equity loan be deducted from federal taxes

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Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Where should I look to estimate my federal taxes?

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Last Answer : I, myself use Turbo tax. Turbo tax will estimate and fill your taxes, or you may want to go to your local tax advisor.There are free tax services to help you.