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An individual claiming another individual as a dependent on their taxes will receive a tax deduction of $3300. The amount that the individual will get back as a tax refund will be dependent upon the income of the taxpayer.
you don't have to file taxes if the total income was $100.00.
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.
This could be possible BUT you will know the correct numbers until you have completed your 1040 federal income tax return to the last line where it says amount of refund.
You do not have any way of knowing this until you complete your 1040 federal income tax return correctly and completely down to the last lines on your income tax return it say amount of refund.
to help the goverment and army to raise money to get new thing, later in the year they give it back which is called income tax
An individual claiming another individual as a dependent on their taxes will receive a tax deduction of $3300. The amount that the individual will get back as a tax refund will be dependent upon the income of the taxpayer.
income taxes didn't exist back then.
you don't have to file taxes if the total income was $100.00.
When you complete your income tax return correctly after the end of of the year and if you end up with an income tax liability YES. You will have to pay the amount of income tax that are owed at that time.
No.
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.
This could be possible BUT you will know the correct numbers until you have completed your 1040 federal income tax return to the last line where it says amount of refund.
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
He needed to raise taxes because he needed help paying back the Scots as parliament wouldn't give him enough money.!! hope this helps!!
You do not have any way of knowing this until you complete your 1040 federal income tax return correctly and completely down to the last lines on your income tax return it say amount of refund.
If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.