Being unemployed you wouldn't have much income to declare so wouldn't have to or need to pay much tax for the year. If you became unemployed sometime during the financial year possible effects on your tax return would be items you were depreciating cant carry on being depreciated because you cant claim for things for work when you are not working. But really, not a lot is different you will just not have so much income to declare and thus may be eligible for low income offset etc.
Yes, it definitely does.
Yes
You can check with www.IRS.gov, but it will affect your return. You get better tax bracket treatment and can have higher standard deductions, contributions to various retirement accounts, etc. Filing married has many, many tax advantages! == ==
When someone states that something has or may have tax implications, that simply means that it may affect the taxes you pay. It's generally used in reference to your federal income tax return filed with the IRS (& state tax return if your state has an income tax). If receiving a prize has tax implications, it would likely mean that you need to report the income on your federal tax return.
Yes but to itemize you will have use the schedule A of the 1040 income tax return and that does NOT have any affect on your exemptions that are entered on the 1040 federal income tax return page 1.
Yes, it definitely does.
No
Yes
dk
Not at all
This should not have any affect on your parents income tax return if you are still their qualifying child dependent on their 1040 income tax return. And of course you do know that if your are their qualifying child dependent that you can NOT claim your self on your own income tax return for the exemption amount when your income tax return is completely correctly.
Inaccurate self employed tax return and auto injury claim should not have any affect on each other for income tax return purposes.
You can check with www.IRS.gov, but it will affect your return. You get better tax bracket treatment and can have higher standard deductions, contributions to various retirement accounts, etc. Filing married has many, many tax advantages! == ==
NO
When someone states that something has or may have tax implications, that simply means that it may affect the taxes you pay. It's generally used in reference to your federal income tax return filed with the IRS (& state tax return if your state has an income tax). If receiving a prize has tax implications, it would likely mean that you need to report the income on your federal tax return.
If you don't have a 1095-A form, it may affect your tax return if you received premium tax credits for health insurance. The form is needed to reconcile the credits you received with your actual income, which could impact your tax liability or refund. It's important to try to obtain this form to accurately file your taxes.
Yes but to itemize you will have use the schedule A of the 1040 income tax return and that does NOT have any affect on your exemptions that are entered on the 1040 federal income tax return page 1.