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Can you deduct wage garnishments from your federal and state income that is reported to the IRS?
Wiki User
∙ 12y ago
No. Garnishments are just payment of a debt that you owe and haven't paid. This is not a deductible item.
Wiki User
∙ 12y ago
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What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
How many years can you deduct state income payments from your federal taxes?
20
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
How much income from one source needs to be reported?
according to federal law all income should be reported from all sources
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
If you had no income in 2009 but still made your mortgage payments can you file taxes for the interest you paid?
If you did not have any worldwide gross income to be reported on your 1040 federal income tax return you would not have any adjusted gross income on line 38 to deduct the schedule A itemized deductions of the 1040 tax form from on your 1040 tax form.
On disability filing federal tax form not necessary but you want to deduct real estate taxes and mortgage interest?
This would not benefit you at all. What income would you have to deduct them from?
What is total federal income tax withholding reported on the Thurstons' tax return?
16. The Thurstons' total federal income tax withholding is $
Do you enter the amount paid from a federal garnish on your tax return?
No. Your gross income is reported on your federal 1040 income tax return. The federal garnish amount that was paid would not be a deduction from your gross income on your income tax return.
Can I deduct monies paid to settle a lawsuit?
Not deductible on your income tax return unless the amount paid was to produce taxable income that was reported on your income tax return. Then a limited amount could be deductible on your income tax return.
