Description : husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?
Last Answer : “husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.â€
Description : Federal Tax Deductions?
Last Answer : Federal tax deductions are items subtracted from the taxpayer' gross income and are not factored in calculating the income tax of the taxpayer. There are dozens of available deductions for many ... labor, etc. A self employed individual is normally permitted to utilize many of these deductions.
Description : Are both New York state tax deductions and state sales tax allowed?
Last Answer : I am not a CPA and I think this is the case about taking sales tax as a deduction on federal tax return: you can only take the state sales tax as a federal deduction if you itemize ... think there is a maximum sales tax deduction based on your adjusted gross income. please have an accountant confirm
Description : How Adjustments And Deductions Can Affect Income Tax Rates?
Last Answer : There is sometimes a perception that the income tax rates for various individuals are tightly fixed percentages that cannot be changed in any way. This is not always the case, and there are a number ... professional to, at the very least, look over a return before filing could be very beneficial.
Description : 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?
Last Answer : From what I hear, it is Republicans who are talking about closing “loopholes” and capping deductions more than Democrats. But whether it, or anything will happen, I don’t know. And I doubt it could effect this year’s taxes anyway.
Description : Do you pay state income taxes or do they refund you like federal income taxes do?
Last Answer : The last 4 years, I have had to pay the Feds, and got less money back from the State.
Description : What online personal income tax software for both federal and state taxes can you recommend?
Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE
Description : 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?
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?
Description : How much do I have to earn before I start paying federal income taxes?
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.
Description : What happens if you don't pay your federal income taxes?
Last Answer : If you don't pay federal income taxes, eventually you will eventually be investigated by the IRS. From there you will either have the money taken from you, your wages garnished or you may go to prison depending on the severity of the crime.
Description : 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
Last Answer : c. the sales tax
Description : 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
Description : When it home or business property is sold who is responsible for calculating the taxes owed on the sale when a home or business property is sold who was responsible for calculating the taxes owed on?
Last Answer : Feel Free to Answer
Description : If government officials are calculating the amount of money the federal government borrows for one fiscal year, they are _____.?
Last Answer : calculating a budget deficit
Description : Determining number of deductions to take in order to maximize my paycheck?
Last Answer : answer:Too many variables and personal details. Are you a dependent? Do you have your own dependents? Figure that your gross salary is $880/week or around $3300/month. After social security and stuff, you clear ... deductions possible on your W-9 - I think that the max. is 9 - and roll with it.
Description : Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?
Last Answer : answer:I'm not sure I get the connection between these phenomenon, but what the charities are doing does make sense in terms of evening put cash flow. As for cloud storage, I'm inherently distrusting the ... second they want to start slapping a charge on it, I'll have no problem kissing it goodbye.
Description : Payroll Deductions?
Last Answer : Payroll DeductionsUse this calculator to help you determine the impact of changingyour payroll deductions. You can enter your current payrollinformation and deductions, and then compare them to your ... home pay. This calculator has beenupdated to use the new withholding schedules for 2010.
Description : Above-the-line Tax Deductions?
Last Answer : If you qualify, you can claim above-the-line tax deductions even if you don't itemize.Click here to fill out the Above-the-line Tax Deductionsform
Description : Proving You Deserve Deductions?
Last Answer : There are many different IRS tax deductions that you can get if you sign up for them when you file your taxes. You just have to put in the raw data if you are using a computer-based system, ... government is very good at figuring out who is cheating and the vast majority of these people are caught.
Description : Does Prudential life insurance do paycheck deductions?
Last Answer : To offer convenience for its valued customers, The Prudential Insurance Company does offer payroll deductions to help make it easier to afford optional term life insurance.
Description : Do you get Roth IRA tax deductions?
Last Answer : Everything that is in a Roth IRA is non tax deductible. You can get a tax credit of 50% on the first $2000 that you contribute to the IRA if you meet qualifications. The qualifications a listed on this site: http://www.your-roth-ira.com/roth-IRA-tax-credit.html
Description : Figure Out Deductions as an Unemployed Person?
Last Answer : Did you know that you are able to deduct certain expenses for being an unemployed person? As an unemployed person, there are a lot of different tax deductions that you should keep in mind ... resume after resume to various businesses. You should at least claim a deduction for this expense!
Description : In calculating National Income which of the following is included? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen
Last Answer : (4) Income of watchmen Explanation: National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this period ... is neither too short nor long a period. National product is usually used synonymous with National income.
Description : The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method
Last Answer : (4) Net output method Explanation: Primarily there are three methods of measuring national income. Which method is to be employed depends on the availability of data and purpose. The methods ... account. In this method, National Output = National Expenditure (Aggregate Demand) = National Income.
Description : In calculating National Income which of the following is included ? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen
Last Answer : Income of watchmen
Last Answer : Net output method
Description : Can interest on Home Equity loan be deducted from federal taxes
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 .
Description : What are taxes that you pay to the federal government?
Description : I had to pay money to state and federal last year. Can that money be claimed on this years taxes?
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
Description : already filed federal where can i file state taxes only for free online�
Last Answer : already filed federal where can i file state taxes only for free onlineâ€â€
Description : Where should I look to estimate my federal taxes?
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.
Description : Can I file my federal taxes for free?
Last Answer : Yes, you can file your federal taxes for free. Here's a link to a website that will guide you through how to file your taxes for free. http://www.irs.gov/efile/article/0,,id=118986,00.html
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.
Description : Are people allowed to pay more taxes than asked for? How would someone go about asking for permission to do so?
Last Answer : There are people that would do that??
Description : What was the amendment to the U.S. Constitution approved in 1913 that allowed the federal government to collect a tax on the money that people earned?
Last Answer : The 16th Amendment to the U.S Constitution allows the government to collect the Income Tax.Prior to this amendment, the federal government made an attempt to to create an Income Tax, and the tax was ... .In response, the Income Tax Amendment was added to the U.S Constitution, making the tax legal.
Description : Are small travel trailers allowed on federal park land?
Last Answer : Yes, small travel trailers are indeed allowed on federal park land. People use them all of the time.
Description : Does anyone think this chart by xkcd should be in schools to help students understand money, taxes, expenses, income and other economic issues?
Last Answer : answer:Could you post a link to the chart? I think such a chart could be an excellent teaching tool. OTOH, such a chart has quite a potential to be abused as a political tool to skew the ... impartial teaching tool or a way to push the whole evil capitalist world view without actually seeing it.
Description : If a person works two jobs can they file seperate income taxes?
Last Answer : answer:Not unless you have two social security numbers. ;-) The payments from the two jobs will be added together. You will have 2 W-2 forms (or 1099 forms) but the amounts will be totaled on your tax form.
Description : Did you know that the general deadline for filing your income taxes this year is April 18, 2011?
Last Answer : I did my taxes early. Thank goodnessss.
Description : Questions about my income taxes?
Last Answer : answer:With all the government shutdown talk last week maybe they were worried (some government sites were going to be closed) that it might not get processed with e-file. I would just spend the two minutes to call and ask in the morning.
Description : an increase in taxes on labor income shifts the labor supply curve ________ and the ________. -General Knowledge
Last Answer : B. Leftward; after-tax wage rate falls X.
Description : Which of the following is the highest income between direct and indirect taxes ?
Last Answer : Between direct and indirect taxes, more income is earned indirectly.
Last Answer : The following are some of the areas of tax-free income of an individual taxpayer: (a) If a government-employed taxpayer receives a special allowance, benefit or perquisite for performing his job duties ; ( ... . It should be displayed in the tax-free income column in the 18th sequence of the return.
Last Answer : : Under the Income Tax Ordinance 1974, two types of taxes are levied: 1) Personal Income Tax 2) Corporate Income Tax
Last Answer : but it is necessary to define what is meant by the word "income" higher taxable income = higher tax or tax base is the amount by which (total) income exceeds (demonstrable) expenses and deductions from ... -employed and companies can push the base to zero or to a loss, regardless of the total income
Description : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ 200 . Indirect Taxes = ₹ 420 , Subsidies =
Last Answer : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ ... A. 3380 B. 2, 980 C. 3020 D. 2, 620
Description : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` subsidies to get National income of the economy.
Last Answer : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` ... Divide C. Subtract , Add D. Subtract , Divide
Description : If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices , then it will be equal to :
Last Answer : If economic subsidies are added to and indirect taxes are subtracted from the national income at ... prices D. Gross domestic product at factor cost
Description : How much taxes is paid on 16368 on social security income?
Last Answer : My aunt had 23,114 dollars of retirement and 16,368 dollars ofsocial security income.Her social security. Is taxable.How muchwould she have to pay in social security,dollar-wise?
Description : What things dose the government collect income taxes?
Last Answer : Why dose the government collect income taxes