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How much federal income tax is owed on 42000.00 for single head of household?
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What is the difference between single or head of household in federal taxes?
Its not really a choice...if you qualify as head of household...but you must qualify...it's better. If you qualify, filing Head of Household enables you to greatly lower your tax liability by applying exemptions to lower your taxable income amount. If you also have a qualifying dependent, you may be eligible for an (EIC) Earned Income Credit.
i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?
“i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”
How much federal income tax for a single person is deducted from the paycheck?
8.75%
If you earn less than 16000 do you get all your tax back?
You will not know this answer until you complete your federal income tax return correctly. If you are a single taxpayer filing your 1040 federal income tax return correctly with no adjustments to income using the single filing status the standard deduction and your exemption amount for the tax year 2009.If you are not a dependent on another taxpayers income tax return and if you are under the age of 65 for the tax year 2009 you can have 9350 free of federal income tax. 16000 less 9350 leaves 6650 of taxable income that will be subject to the federal income at your marginal tax rate for a single taxpayer from the 1040 instruction book the tax table amount would be 668.6,650 to 6,700 Income tax is 668 federal income tax liability for the tax year 2009It is possible that could qualify for some earned income tax credit and the making work pay tax credit if your qualify for them and complete your federal income tax return correctly and credits amount would reduce the federal income tax liability amount and could result in a refund when your income tax return is completed correctly.
What is the maximum income in Illinois for a w-2 employee can make before its required to report it to IRS?
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
What is the average income made by the average UK family?
in 2000, £23,200 was the average income for a single household.
What is the difference between single or head of household in federal taxes?
Its not really a choice...if you qualify as head of household...but you must qualify...it's better. If you qualify, filing Head of Household enables you to greatly lower your tax liability by applying exemptions to lower your taxable income amount. If you also have a qualifying dependent, you may be eligible for an (EIC) Earned Income Credit.
i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?
“i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”
Can you file your taxes jointly if you are not married?
The available filing statuses for federal income tax returns are: Single Married Filing Jointly Head of Household Married Filing Separately Qualifying Widow or Widower No, there is no filing status for Single Filing Jointly.
How much federal income tax for a single person is deducted from the paycheck?
8.75%
What is the federal governments biggest single source of tax revenue?
The individual income tax is the government's biggest single source of tax revenue.
What is the max Earn Income Credit you can receive for 2 children?
Your investment income must be limited to $2,900. If you are single with no qualifying child, at least 25 yrs old but less than age 65 = maximum income range is Single/Head of Household/Qualifying Widow = 12590; Married Filing Joint = 14590. If you are single with one qualifying child, the maximum income range for Single/Head of Household/Qualifying Widow = 33,241; Married Filing Joint = 35,241. If you have more than one qualifying child the maximum income range for Single/Head of Household/Qualifying Widow = 37,783; Married Filing Joint = 39,783. http:taxresolutionaries.blogspot.com
What is the largest single source of revenue for the federal government?
In the United States, it's Personal Income Tax.
If you earn less than 16000 do you get all your tax back?
You will not know this answer until you complete your federal income tax return correctly. If you are a single taxpayer filing your 1040 federal income tax return correctly with no adjustments to income using the single filing status the standard deduction and your exemption amount for the tax year 2009.If you are not a dependent on another taxpayers income tax return and if you are under the age of 65 for the tax year 2009 you can have 9350 free of federal income tax. 16000 less 9350 leaves 6650 of taxable income that will be subject to the federal income at your marginal tax rate for a single taxpayer from the 1040 instruction book the tax table amount would be 668.6,650 to 6,700 Income tax is 668 federal income tax liability for the tax year 2009It is possible that could qualify for some earned income tax credit and the making work pay tax credit if your qualify for them and complete your federal income tax return correctly and credits amount would reduce the federal income tax liability amount and could result in a refund when your income tax return is completed correctly.
What is the minimum yearly federal income to file taxes?
For the 2021 tax year, the minimum income required to file federal taxes depends on your filing status. If you are single and under 65 years old, you generally must file if your income is at least $12,550. The thresholds vary for other filing statuses, such as married filing jointly or head of household. It is always a good idea to check the IRS guidelines or consult a tax professional for accurate and up-to-date information.
What would the Federal income tax amount be on 1252.00 if you were claiming single one dependent?
If this 1252 is all of your gross worldwide income for the tax year 2009 when you complete your income tax return correctly you will not have any federal income tax liability. You may qualify for a small refund if the 1252 is earned income funds that you worked for.
What is the maximum income in Illinois for a w-2 employee can make before its required to report it to IRS?
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
