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From our Qs I can see you don't understand even the basics of tax.
Everones situation is different...and changes.
There is no such thing as a deduction for that amount, although you personally may have one for that amount for something.
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∙ 15y ago
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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 ”
Will a consumer be able to use VAT he has paid as a Federal Income tax deduction?
Not on the IRS federal 1040 income tax form.
Your father died March 2008 how do you adjustment the standard tax deduction for his final tax return?
He gets his full standard deduction on his federal return as if he had not died.
What is fhi tax on a pay stub?
Federal Health Insurance Deduction (medicare)
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
Do you claim federal tax refund on this years federal tax?
No. But if you live in one of the states that allows a state deduction for federal taxes and you took such a deduction, you may have to claim it on your state return.
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 ”
What is FIT deduction?
It stands for Federal Income Tax. SIT stands for State Income Tax
Will a consumer be able to use VAT he has paid as a Federal Income tax deduction?
Not on the IRS federal 1040 income tax form.
Your father died March 2008 how do you adjustment the standard tax deduction for his final tax return?
He gets his full standard deduction on his federal return as if he had not died.
Federal income tax exemptions?
The deduction per exemption is $3,500 in 2008.
What is fhi tax on a pay stub?
Federal Health Insurance Deduction (medicare)
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
How do you claim this deduction on your taxes?
THIS DEDUCTION ON YOUR TAXES will have to entered on the correct form or line of your 1040 federal income tax return before your income tax return can be completed correctly.
What is a federal tax allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
What is the total deduction you can take on your federal income tax return?
$9,000 + $3,000 = $12,000
Where do you put property taxes on the tax form if you do not itemize deductions?
Property taxes can be itemized on the schedule A itemized deduction of the 1040, or if your standard deduction would be more than your itemized deduction, the amount can be used to increase your standard deduction amount on your federal income tax return.
