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State income taxes are deductible from Federal taxable income in the year they are paid, regardless of when they were due.
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∙ 15y ago
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Can state income be higher than federal income?
Yes. example: Federal allows certain deduction from your wages (sec125 healthcare, transportation,). In New jersey those payments must be added back - they don't allow for those deductions Happens almost always. Just to start, STATE income tax paid is a deduction from FEDERAL income, but not from state income obviously (that would be circular).
Do you have to claim state refund on federal tax as income?
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
What is mandatory payroll deduction?
It is an amount of money that the law requires the employer to hold back from pay. This typically includes taxes, a court ordered payment towards a debt (a garnishment of wages) or court ordered child support payments.
Can paid state taxes be deducted on Federal return?
Yes..deducted on Fed, not state (actually, you do Fed first normally, so you add them back for State).
How far back can you go to get state income tax refund?
It depends on a number of factors, especially the cause for the overpayment and type of income or deduction that spurred it, and varies by State, but as a general rule 2 or 3 years from the end of the reporting period.
Can state income be higher than federal income?
Yes. example: Federal allows certain deduction from your wages (sec125 healthcare, transportation,). In New jersey those payments must be added back - they don't allow for those deductions Happens almost always. Just to start, STATE income tax paid is a deduction from FEDERAL income, but not from state income obviously (that would be circular).
Do you have to claim state refund on federal tax as income?
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
Can state disability check be garnished in ca?
It can be garnished by the federal government. Federal student loans, IRS debt, ect. Also if you owe back child support or alimony payments, it can be garnished. However, it cannot be garnished by regular creditors.
Do they garnish both state and federal taxes for back child support?
If you owe back child support then both state and federal taxes can be intercepted.
What can be deducted from unemployment benefits?
Generally speaking, nothing is "deducted" from unemployment benefits, except that you're allowed (but not required) to have a deduction which is applied to your federal income tax.Unemployment benefits are subject to federal income tax, though not to FICA taxes; some but not all states exempt them from state income tax, and those states may allow a deduction to be applied to state income tax, I don't really know.Unemployment benefits are generally safe from garnishment except where the garnishment is being made for child support or a debt to the state itself (e.g. back taxes).
What is mandatory payroll deduction?
It is an amount of money that the law requires the employer to hold back from pay. This typically includes taxes, a court ordered payment towards a debt (a garnishment of wages) or court ordered child support payments.
What happens to child support payments if the father is jailed?
If the father was paying you directly, the payments will, of course, cease. If this is the case you must contact the state for assistance. If you were receiving the support payment from the state, then nothing will change and his payments to reimburse the state will become an obligation/lien against him for which he will eventually have to pay the state back.
When does a private student loan have to be paid back?
This depends on the type of loan that you took out. Most federal student loans ask that you start making payments after you graduate.
Are annuities backed by state or federal governments?
ARE ANNUNITIES BACK BY THE STATE GOVERNMENT OR SOME OTHER INSURSNCE COMPANIES. sjs
How do you get your gun license back?
That will depend on whether your felony was Federal or state, and in which state you live. For a Federal felony, you can't. The process for a state felony is different in each state- and since you did not tell us which state, we can't give you a better answer.
Can financial aid be used for graduate school?
Once you obtain a bachelor's degree you are no longer eligibly for federal and state grants. You would have to apply for a guaranteed student loan. However, this would have to be paid back. The payments start six months after you either graduate or stop attending.
DO you get your payments back on a land contract?
No, you will not get your payments back. If you do not complete the purchase, you have essentially been renting the property.
