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What else can I help you with?
Can you file your state and federal taxes online?
Most states and the Federal government will accept online submission of taxes. Software suites such as Tax Act or TurboTax will facilitate the Federal upload.
Do you withhold federal taxes for minors?
All taxes should be withheld on earned wages. If a minor has less than the standard deduction in UNEARNED income then they will not pay any Federal Tax... the state and local taxes depend on the state and locality.
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.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
How much does an average American pay in taxes a year?
The United States has a progressive tax system so the more your income, the higher your income taxes will be. U.S. Citizens are also subject to many, many different kinds of taxes. Some of these taxes include State and Local Income Taxes, State and Local Sales Taxes, State and Local Property Taxes on homes, land, and other property, State and Local Motor Vehicle Taxes, Federal, State and Local Gasoline Taxes, etc. There is also a host of embedded taxes that the people of the United States pay such as taxes that are imposed on business and corporations that are passed on to the consumer, taxes imposed on utilities, telephone, railroad, transportation, etc.
Can you file your state and federal taxes online?
Most states and the Federal government will accept online submission of taxes. Software suites such as Tax Act or TurboTax will facilitate the Federal upload.
What software program is the best for doing your own taxes?
In my opinion, TurboTax is the best software for taxes. You can do both federal and state and they give you automatic updates.
What is mandatory deductions?
state taxes, federal taxes, and local taxes.
Is free tax return filing for state taxes available in New York?
This is an easy one. If you qualify for free federal taxes on TurboTax they will allow you to file free for the state tax. The site is www.TurboTax.com.
What for do you need to file a tax return?
You need you W-2s and personal information. If you go onto TurboTax website they can usually do state taxes for free and a small fee for federal taxes.
What are other ways that the federal government imposes costs on state and local governments?
federal and state taxes are one example.
American pay many taxes different type of taxes of federal state and local government?
Value added taxes
At which level of government may income taxes be assessed?
federal, state, and local
What are compulsory charges imposed on citizens by local state and federal government?
Taxes
Can you upgrade your turbotax 2007 to 2008?
From Intuit's website: Every year, tax laws and forms change, and in turn, we completely revise TurboTax to comply with the current federal and state requirements. Because TurboTax is designed for a specific tax year, you need TurboTax 2008 to do your 2008 tax return. You cannot convert or upgrade TurboTax 2007 to TurboTax 2008. Answer: Upgrade to TurboTax DeluxeHow to upgrade from TurboTax Basic to Deluxe: At the top of the TurboTax screen select the Federal Taxes tab and then select Deductions and Credits.Select Guide Me Through and answer Yes on the Any Home Mortgage Payments? screen.Follow the on-screen instructions for either purchasing online or by phone.
Are taxes at the local state sand federal level are all equal?
No, taxes at the local, state, and federal levels are not equal; they differ in rates, structures, and purposes. Local taxes often include property taxes and sales taxes, state taxes may include income and sales taxes, while federal taxes primarily consist of income taxes and payroll taxes. Each level of government has its own tax regulations and policies to fund specific services and programs. Therefore, the overall tax burden can vary significantly depending on the jurisdiction and level of government.
Americans pay many different types of taxes to federal state and local governments?
Value added taxes
