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may be claimed to exempt a portion of their earnings from withholding
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∙ 13y ago
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The federal personal income tax is an example of which kind of tax?
The federal personal income tax is an example of progressive tax.
What is a 'personal allowance' for income tax?
money that does not have to be paid
What is a federal tax allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
What is a federal allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
Which tax raises the most revenue for the federal government?
personal income tax
What is the maximum federal personal income tax rate?
35%
Does Florida have federal taxes?
The United states Treasury department (IRS) has federal income taxes. Income tax return 1040. Florida does NOT have a personal state income tax.
What states have federal income tax?
It is much easier to tell you the states that do not have a personal income tax. Currently in 2009 seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not tax personal income
The sixteenth amendment provided for?
A means for congress to levy personal income.
How can one get relief on their income tax?
In the UK the HM Revenue & Customers website gives clear instructions how to obtain the various income tax allowances and reliefs either through a personal tax code or through a tax return. Generally speaking, the main allowance is your Personal Allowance which is the amount you are allowed to earn annually without paying income tax. Further tax reliefs can then be added for business related expenses. An accountant will be able to advise further.
Should the federal government have the authority to tax personal income?
No, because I agree that we need money but that doesn't give the federal goverment authority to tax personal income.Did you know that alot of families are losing money because of the economy and high taxes so we should not have tax on are personal income.
What kind of federal tax forms are available to file personal income tax returns in the United States?
The kind of federal tax forms that are available to file personal income tax in the United States are the individual tax form and the time extension form. Forms may be filed by paper or electronically.
