The 2014 federal budget shows that the largest parts of the budget
were allotted to Social Security and Healthcare Costs with each
accounting for 24% of the budget each. There are many different
charts and budgets shown on the internet which are false to promote
one political view or another one. Th…
north Dakota income tax
The tax rate varies from region to region and also usually depends on whether the amount involved (429.99) is an expenditure, earned income, investment income.
The idea is that everyone would pay a specific percentage of total
income, without credits or deductions. While they are sure that
there is money to be gathered from the poor and immigrants and
welfare queens than the wealthy, the basis is flawed. It is an easy
talking point, but in reality, not eve…
If he lives at home and doesn't work, he can be claimed as a
Taxes are taught when you take courses in accountancy which you can
take privately or in college, they take up too much time if they
were taught in a regular high school.
Can you get a tax return for daycare payments Not head of househols
The Revenue Act of 1935 brought in more government funds by raising
the tax rate on wealthy people and on corporations.
NFL teams are non profits, so are not liable for taxes.
Yes. The amount taxed will depend on your total income as a single
or jointly. You will receive an SSA-1099 that will give you the
information you need. There is also information on the Social
Security site in your account.
The safe option would be to begin filing your taxes as soon as W-2
forms become available.
Taxes pay for roads, schools, and the military.
Yes, if you're her primary caretaker.
Exemptions depend on a lot of things. In Arizona, tax brackets are based on your annual gross income (AGI) and on your filing status: If you filed as Single, the standard personal exemption is $2,100.Married filing jointly, with no dependents: $4,200.Married filing jointly with at least one depende…
Both sales tax and flat tax are a fixed percentage.
Race does not have any bearing on US Federal income taxes.
This depends on your filing status and dependents. It also changes
each year as the standard deduction and exemption allowance is
adjusted up a little every year. A single person under 65 would get
the standard deduction of $6,300 plus $4000 exemption for 2015 tax
year. This results in $10,300 for 2…
I am not familiar with Turbo Tax itself but the form you need to
print your coupons and calculate the amount of quarterly taxes is
form 1040-ES. You should be able to find it in Turbo Tax, I would
think. If not you can get it from the IRS website, then go to forms
and search for 1040-ES.
Tax forms for 2014 are past the deadline for filing. If you are
getting a refund, you have three years where you can still claim
it. If you owe, they will start charging you penalty interest
immediately after the deadline unless you file an extension.
Depending on your situation, it might be wise …
It depends on the laws of the time. For many years, the difference
between what you paid for the house and its improvements and what
you sold it for was taxed. IRS Publication 253 has the information
that you need to determine if your sale qualifies for income
A 403B plan is a tax deferred retirement program that allows
certain employees of schools and some non-profit organizations to
defer taxes on income earned working for these organizations. It is
almost the same thing as a 401K program. These plans allow income
to be sheltered from income taxes until…
Medicare tax is used to support the Medicare program, a healthcare
program designed to provide basic health insurance for retired and
Dependent on tax teturns
You pay state income tax for the three months you've lived there.
No there is not currently a City Tax in the City of Chicago. Some
have called for such a tax, but according to the State of Illinois
Constitution, municipal governments have no right to impose income
taxes. It will not be done any time soon as this will likely only
run businesses, and those who will…
April 15 is the day income taxes are due
Abraham Lincoln imposed the first federal income tax in 1891,
though it was of questionable legality until the 16th Amendment to
the Constitution was ratified February 3, 1913.
The depends completely on what the Magistrate is deciding on as to
whether or not they would ask to see your income. For instance, if
they are deciding upon factors such as a small claims suit, or
child support issues, the take home income would be a factor on
deciding these issues. As far as a traf…
Since Florida has no state income tax return it is irrelevant as to
where you live. You will however be likely to have to pay income
tax on your Social Security on your Federal Income Tax Return. This
depends completely on what other income you have besides your
Social Security Income. Other income …
A more accurate statement would be that only a few states (7) don't
collect income taxes. Most of the states that don't have an income
tax have much higher property taxes, sales taxes, and other taxes
to make up the difference.
Search for income tax tables in google or visit the IRS site to
This depends on what your other income is besides your Social
Security Income. Dependent on your filing status and other income
your Social Security Income can very likely be partially taxable.
Up to a maximum of 85% of your Social Security income can be
taxable on your Federal Tax Return.
No. Social Security and Pension income are not considered earned
income for the purposed of the Earned Income Tax Credit. This is
not to say that you will not have to file an income tax return and
possibly pay taxes. Depending on the amount of income you have and
your filing status, you may or may n…
It's a method of determining the taxable rate on income.
Tennessee does have a state income tax but it only taxes certain
interest and dividend income. For this reason, most people in
Tennessee don't pay any income tax.
Tax day is tax day, even for people over 80.
In the UK it is known as "Income Tax".
This would depend on whether or not they were dependents on your
tax return? If so, you can file for the education tax credit but if
they filed their own returns and aren't dependents on your return,
then they are the only ones who can claim the credit. Whoever has
the right should file a form 8863 …
Yes, college students need to file income tax if they have some
manner of income during the year, such as from a part-time or
The license suspension itself isn't a loss in regards to taxes, but
if it led to losing a job, that can be claimed.
According to the Constitution of the United States, the President
cannot write legislation, or impose taxes upon the people. Congress
is where these powers lay and once passed by both Houses of
Congress the President can sign the legislation or veto it. In
recent years, the President has been taking…
Taxes are imposed when you file your income tax return at the end
of the year. Often, people think they have paid taxes on their 401K
when they withdraw money from the plan. What happens is that the
company handling the 401K plan will usually withhold federal income
tax when you make a withdrawal. T…
Sales tax is probably the tax that effects most of the people.
Sales tax is collected on most things that are purchased by the end
user so most everyone pays sales tax all the time.
This would depend on what the reason for the suit is and what
payments are made for. If, for instance the suit was for unpaid
wages, then the direct payments demanded by the court for wages
would be taxable, as would interest allowed by the court. If a suit
was for damages such as an injury to a per…
Box 14 is a place for an employer to put miscellaneous items like
reimbursement for mileage issued to an employee or other items that
are informational only and do not relate directly to your tax
return. Items in Box 12 are those specifically related to your
income and provide information needed for…
Yes. Called a 'capital gain'. It will require reporting on your
No, because that makes the child a dependent for tax purposes.
It could, but mostly because of the rapid influx of people filing
at the same time.
federal, state, and local
American income taxes pay for government services and protection,
defense/military spending, roads, schools, and law enforcement.
Through taxation. We pay taxes on income, things we buy and a
certain amount included in the price of gasoline is also a tax.
State income taxes don't pay for road repair in other states.
There are taxes in Dubai. While many people do not pay income tax, they do pay other taxes. For residents, there isn't income tax, but people who are working in Dubai but not residents, do pay tax. People pay indirect tax on things like food, alcohol, accommodation, utilities etc. There are also tax…
Stocks are not cash or income, they are an asset. Once they are
sold, the value is "realized" in terms of income.
Bahrain tax system favours expatriates. There is no corporate
income tax as well as personal income tax, no wealth tax on capital
gain, no withholding tax. You only need to pay a few indirect
That depends on the laws of the country in which you live.
Their estate has to pay any taxes due up to the day they died.
I am a small business owner. Feels like I am getting hit from all
sides trying to figure out what I owe, not exactly when. Let me
When I see the 2016 tax brackets, is it based off of the year, or
I currently pay 10% income tax on the money I take home, but my
August 5, 1861. President Lincoln signed the Revenue Act which
placed a 3% tax on people earning more than $800.00 per year.
That is simple if you do have unpaid taxes it is because YOU have
not paid the taxes YOU owe.
If you believe you have paid the taxes YOU owe, then you need to
take the letter from the tax office to an accountant along with
your past tax forms and proof of your income etc and ask the
accountant to e…
Each state has a slightly different approach to taxation, and the
blend of property, sales, payroll, and income taxes are different,
based upon 50 different legislatures doing their individual "thing"
in response to the voters and lobbyists in that state.
An income tax without apportioning it among the states according to
the Census. It also made it possible to tax income from rental
properties, stocks, bonds, and dividends without apportioning it
among the states. Without the amendment, any such taxes would put
more of a burden on states with little…
The Sixteenth Amendment.
"The Congress shall have power to lay and collect taxes on incomes,
from whatever source derived, without apportionment among the
several States, and without regard to any census or enumeration."
The 16th Amendment states:
The Congress shall have power to lay and collect taxes on
incomes, from whatever source derived, without apportionment among
the several States, and without regard to any census or
It vacated the precedent set by the decision in the case
It is more of a custom that all US Presidential Candidates disclose
their tax returns. There is no written policy or requirement
dictating that they must do so, but it goes a long way towards
making them more trustworthy and transparency can gain many votes
in the long run.
If you don't own a business and you have an uncomplicated financial
life then you can definitely do your own return. Just make yourself
well-informed and updated on major changes in tax law.
As for me, I used to do my own taxes a year ago. But I got busy and
my finances significantly changes when I…
The 16th amendment allowed the government to instate the income
tax, which reversed the Supreme Court decision stating otherwise.