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Yes, TurboTax has the capabilities of doing both federal and state income taxes. If you choose the free version for the federal taxes you will have to pay a fee to complete the state taxes.
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Can you file your state and federal taxes online?
Most states and the Federal government will accept online submission of taxes. Software suites such as Tax Act or TurboTax will facilitate the Federal upload.
Which of the following statements about taxes is false?
Taxes are collected at the local, state and federal level
Do you withhold federal taxes for minors?
All taxes should be withheld on earned wages. If a minor has less than the standard deduction in UNEARNED income then they will not pay any Federal Tax... the state and local taxes depend on the state and locality.
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
Can you file your state and federal taxes online?
Most states and the Federal government will accept online submission of taxes. Software suites such as Tax Act or TurboTax will facilitate the Federal upload.
What is mandatory deductions?
state taxes, federal taxes, and local taxes.
What software program is the best for doing your own taxes?
In my opinion, TurboTax is the best software for taxes. You can do both federal and state and they give you automatic updates.
Is free tax return filing for state taxes available in New York?
This is an easy one. If you qualify for free federal taxes on TurboTax they will allow you to file free for the state tax. The site is www.TurboTax.com.
Which of the following statements about taxes is false?
Taxes are collected at the local, state and federal level
What for do you need to file a tax return?
You need you W-2s and personal information. If you go onto TurboTax website they can usually do state taxes for free and a small fee for federal taxes.
What are other ways that the federal government imposes costs on state and local governments?
federal and state taxes are one example.
American pay many taxes different type of taxes of federal state and local government?
Value added taxes
What are compulsory charges imposed on citizens by local state and federal government?
Taxes
At which level of government may income taxes be assessed?
federal, state, and local
Americans pay many different types of taxes to federal state and local governments?
Value added taxes
Can you upgrade your turbotax 2007 to 2008?
From Intuit's website: Every year, tax laws and forms change, and in turn, we completely revise TurboTax to comply with the current federal and state requirements. Because TurboTax is designed for a specific tax year, you need TurboTax 2008 to do your 2008 tax return. You cannot convert or upgrade TurboTax 2007 to TurboTax 2008. Answer: Upgrade to TurboTax DeluxeHow to upgrade from TurboTax Basic to Deluxe: At the top of the TurboTax screen select the Federal Taxes tab and then select Deductions and Credits.Select Guide Me Through and answer Yes on the Any Home Mortgage Payments? screen.Follow the on-screen instructions for either purchasing online or by phone.
