0
Can you deduct the interest and dividend tax from the state of nh on your schedule a form?
In New Hampshire, interest and dividends are subject to a state tax, but this tax is not deductible on your federal Schedule A form. Schedule A is used for itemizing deductions on your federal income tax return, and state-specific taxes like the New Hampshire interest and dividends tax do not qualify as deductible expenses on that form. However, you should check for any applicable local or state tax credits or deductions that may be available.
What else can I help you with?
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Does Tennessee have a state income tax?
Tennessee does have a state income tax but it only taxes certain interest and dividend income. For this reason, most people in Tennessee don't pay any income tax.
I had to pay money to state and federal last year. Can that money be claimed on this years taxes?
how much is $60 add tax You can deduct the 2009 State Taxes you paid in 2010 on Schedule A (if you itemize). Federal tax payments are not deductible according to the IRS Website
Is sales tax deductible from 2007 tax returns?
Sales tax is deductible as an itemized deduction (Schedule A), however you can deduct EITHER: -Sales Tax Paid -State income taxes paid Obviously you would want to deduct whichever is higher. This deduction can be very beneficial to people living in states that do not have an income tax, such as Florida.
Can state sales tax be deducted from your taxes?
According to the IRS, if you itemize deductions on your federal return you may deduct either state and local incometaxes or state and local sales taxes. You get to choose which to deduct, but you may not deduct both, and you can't deduct either unless you itemize deductions.Chances are pretty good that unless your state has low income tax rates and fairly high sales tax rates, you'll be better off deducting the income taxes instead, but you do have the option.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
if my interest and dividend are less than $600 must I file in PA?
if my interest and divident are less that $600 and I have no income must I file PA state income tax.
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Can you deduct state income tax if you don't itemize your deductions?
No, you cannot deduct state income tax if you don't itemize your deductions.
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
Does Tennessee have a state income tax?
Tennessee does have a state income tax but it only taxes certain interest and dividend income. For this reason, most people in Tennessee don't pay any income tax.
Can I deduct back state tax payments on my tax return?
Yes, you can deduct state tax payments on your federal tax return if you itemize your deductions.
Can you count your tax payment from a previous year's taxes on the current tax form?
If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.
I had to pay money to state and federal last year. Can that money be claimed on this years taxes?
how much is $60 add tax You can deduct the 2009 State Taxes you paid in 2010 on Schedule A (if you itemize). Federal tax payments are not deductible according to the IRS Website
Is sales tax deductible from 2007 tax returns?
Sales tax is deductible as an itemized deduction (Schedule A), however you can deduct EITHER: -Sales Tax Paid -State income taxes paid Obviously you would want to deduct whichever is higher. This deduction can be very beneficial to people living in states that do not have an income tax, such as Florida.
Can I deduct state income tax on my federal return?
Yes, you can deduct state income tax on your federal tax return if you itemize your deductions instead of taking the standard deduction.
What are the things to deduct on taxes for the year 2016?
Common deductions for the tax year 2016 include medical expenses, mortgage interest, charitable contributions, state and local taxes, and certain business expenses.
