I don't think you do.
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
Your income must be 58000 or less to file your federal income taxes for free. If your income is higher then you cannot file them for free from e-file.
Form 1040EZ is the easiest of the three income tax forms someone can use to file their federal income taxes. If taxable income is less than $100,000 AND you don't claim any dependents AND you file as single or are married filing jointly, then fill out Form 1040EZ.
Yes. The federal threshhold for income to become taxable is less than $12K
Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.
Less
Yes.
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
Your income must be 58000 or less to file your federal income taxes for free. If your income is higher then you cannot file them for free from e-file.
Form 1040EZ is the easiest of the three income tax forms someone can use to file their federal income taxes. If taxable income is less than $100,000 AND you don't claim any dependents AND you file as single or are married filing jointly, then fill out Form 1040EZ.
Yes, it is still income, regardless of your expense. You should, however, be able to claim the shortfall as a tax write-off.
Yes.
Yes. The federal threshhold for income to become taxable is less than $12K
Yes this is right statement as if some expenses are forgot to record it overstated the net income and reduces the expenses but in actual there is less net income then shown in income statement.
if the income is of casual nature (less than $3,500) and no T4 slip is issued then the income can be reported on line 104. otherwise income has to be reported on business statement T2125.
No. However, the more dependents you claim the less FIT tax is deducted. Therefore, your desposable income would be more.
Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.