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Depending on the filing status and the amount that was won and the marginal tax rates of the winners the federal income tax rate on the correctly completed 1040 income tax return can be from 10% to the 35% maximum rate.
If the amount won for a single taxpayer is at least 373,650 ------------ 108,421.25 of income tax plus 35% of the amount over 373,650
Go to the IRS.gov web site and use the search box for 1040ES go to page 8 for the 2010 Tax Rate Schedules
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How does federal income tax influence staffing?
Federal income tax can increase staffing due to the need of a write off. Federal income tax can also encourage staffing limitations due to the employers tax.
What date in 2011 is the federal income tax due?
April 18, 2011 is the Due Date for Federal Income Tax Returns and Tax Extension requests.
Do you pay income tax on inheritance?
No Federal income tax due on inheritance.
Who should be paid first Maine State Income Tax or Maine Federal Income Taxes?
You have only the Federal income tax return and Maine state income tax return. The due date for the Federal income tax return and amount due is April 15 2010. The Maine state income tax return and any amount that is due is also April 15 2010.
Federal tax 2016 due date?
when is the deadline to file 2016 federal income tax
When are federal income taxes due?
The total amount of your federal income tax that is due for the calender year taxpayer is usually due to be postmarked before MIDNIGHT April 15 of the year after the tax year that the 1040 federal income tax return is for. After that due date penalties and interest will start to be added to the amount of past due taxes until the amount is paid in full.
Is there a Federal deduction for state back tax payments?
State income taxes are deductible from Federal taxable income in the year they are paid, regardless of when they were due.
When is tax payment due if already filed?
The federal income tax payment and most state income tax payments for 2008 are due today, April 15, 2009.
When is the 2009 federal income tax due date?
April 15th falls midweek in 2009 and as such that is the deadline to pay Federal taxes in the U.S.
How old do you have to be to file income taxes?
Age is NOT one of the requirements of when you must file 1040 federal income tax return. As long as your are still breathing and have the required taxable income amounts you will be required to file a 1040 federal income tax return and pay any income taxes that may be due on the taxable amount of your income.
How old do you have to be to not file income tax?
Age is NOT one of the requirements of when you must file 1040 federal income tax return. As long as your are still breathing and have the required taxable income amounts you will be required to file a 1040 federal income tax return and pay any income taxes that may be due on the taxable amount of your income.
How much taxes are due on 4800.00 a year?
For the 2009 tax year if your taxable income is 4800 your federal income tax liability would be 483.
