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Whenever you are married and file taxes as Married Filing Joint, your taxes and your spouses taxes are one in the same. This means that any taxes owed on your return are the responsibility of both parties. This also means that if you have a tax debt of $2000 the you both owe the balance until it is paid in full not that each owes $1000.
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Do I have to pay taxes on my retirement?
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
Do California residents pay state taxes on retirement pension under Railroad Retirement Act?
Do California residents pay state income taxes on their Rairoad Retirement pension under the Railroad Retirement Act?
Do you have to pay taxes on railroad retirement?
Corpration closed owning taxes I retired on my husband railroad retirement can the irs garnish my check.
Do you have to pay taxes as a beneficiary on a retirement pay out?
That depends on the laws of the country in which you live.
Is military retirement pay subject to garnishment for unpaid state taxes?
Yes.
How much money can you as a gift before you have to pay taxes?
$13,000 per person per donee. Unlimited amounts to spouses.
Do you have to pay taxes on your SS and your state retirement?
Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm
Do you pay social security on a retirement incentive payment that is not wages?
Yes it is very possible that the retirement incentive amount will be subject to social security taxes in the year that the is received.
Do you get the FICA back on your federal taxes?
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
If you work after retirement do you pay taxes on that?
Yes. As long as you are still living and have enough gross worldwide income you will be required to file income tax returns and pay any income taxes that may be due. Even some of retirement income could also be taxable income on your income tax return.
Does a retired person pay fica?
No, retired individuals typically do not pay FICA (Federal Insurance Contributions Act) taxes, which include Social Security and Medicare taxes, on their retirement income. However, if they have other sources of income, such as wages from part-time work, they may be subject to FICA taxes on that income.
You worked 36 years for the state of new york you moved to Texas in 2006 you just learn that you still have to pay federal taxes why?
if you have paid taxes for this long, how can you live on your 31.000 a year retirement check and still pay federal taxes every year?
