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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.
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Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
Was fica deductible?
FICA taxes, which include Social Security and Medicare taxes, are withheld from earnings in most cases. They are not deductible on a federal tax return. You will only see some of that money again when you collect Social Security or Medicare.
Are state income tax payments deductible on a corporate tax return?
Yes. State income (and net worth based) taxes are deductible from taxable income for Federal income tax purposes.
Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes?
No. Federal taxes are never deductible from Federal taxes! (Even if you paid them the year they were due. Certainly paying them in a later year won't produce a benefit).
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
Was fica deductible?
FICA taxes, which include Social Security and Medicare taxes, are withheld from earnings in most cases. They are not deductible on a federal tax return. You will only see some of that money again when you collect Social Security or Medicare.
Is paying rent tax deductible?
No, not for Federal taxes.
Do taxes automatically withheld from your weekly unemployment check?
Not federal taxes. If you want federal taxes withheld, you have to specifically request it. Remember that in 2009, the first $2400 per person of unemployment benefits is not subject to federal tax.
Can mileage from and to a bank to get Cd's deductible from federal income tax?
No, the mileage to and from a bank to get CD\'s are not deductible from federal income taxes.
What types of taxes paid are not allowable deductions on your tax return?
Federal income taxes are not deductible on your federal or state income tax return. http://small-business-tax-info.com
Is gasoline tax deductible on a 2007 individual federal tax return?
No, typically property taxes, real or personal, and taxes paid to states/localities are deductible as a Schedule A Itemized Deduction.
What is income tax withheld from each paycheck and sent to the state or federal government?
WithholdING taxes
What payroll taxes are withheld from an employee?
Social Security tax 6.2%, Medicare Tax 1.45%, Federal, State and/or Local state. Federal and State tax witholdings are withheld depend on number of exemptions that you put on your Form W-4.
Income tax withheld from each paycheck and sent to the state or federal government is called what?
WithholdING taxes
Are state income tax payments deductible on a corporate tax return?
Yes. State income (and net worth based) taxes are deductible from taxable income for Federal income tax purposes.
What is a withholding tax used for?
Withheld taxes are used for several things. City taxes and state taxes are withheld from one's paycheck. Federal taxes are also withheld from your check. That amount depends on number of kids and if one is married. It also depends on if one is head of household.
