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How much is the dependent exemption on New York state tax return in 2017?
In 2017, New York State did not offer a dependent exemption on the state tax return. Instead, taxpayers could claim a standard deduction and any applicable tax credits. The federal dependent exemption was also suspended for tax years 2018 through 2025 due to the Tax Cuts and Jobs Act. However, taxpayers could still benefit from other credits and deductions related to dependents.
What is New York State tax on 125000?
You are the only one that has all of the necessary information that will have to be reported on your New York state income tax return for the year in order to do the calculation for the numbers that you are looking for.
In the state of new york can you claim rent paid on your income tax return?
no, unless it is for business related rent
Can you file your taxes in any state?
It doesn't matter from where you file (mail) your taxes. However, you don't get to pick what state you want to file a tax return for.In general, you are required to file a state return for the state in which your primary residence is. If you have income that derives from a source in another state (for example, you live in Connecticut, but work in New York) you have to file a return for the state(s) where your income is from in addition to the one for the state where you live.
How long does a NY state tax refund take direct deposit?
New York state tax refund is very often slow. There have been rumors that they are waiting for the end of their fiscal year on 31st March. It is also dependent on when you filed your tax refund. The earlier you did it, the sooner you will get it.
How much is the dependent exemption on New York state tax return in 2017?
In 2017, New York State did not offer a dependent exemption on the state tax return. Instead, taxpayers could claim a standard deduction and any applicable tax credits. The federal dependent exemption was also suspended for tax years 2018 through 2025 due to the Tax Cuts and Jobs Act. However, taxpayers could still benefit from other credits and deductions related to dependents.
Do you need to file a state return with no income in that state?
If you are a resident of that state, you have to file a tax return regardless of where you got your income. For example, if you are a New Jersey resident working in New York, you must file both a New Jersey and a New York tax return even if your only source of income was working in New York. And be sure that your definition of "income" coincides with the state's definition of income.
Can the New York homestead exemption be waived?
Why on Earth would you want to waive it?You can choose to use the federal exemption instead, but you don't get to pick and choose, you have to take either all state exemptions or all federal exemptions. The federal homestead exemption is (much) lower, but I suppose that it might be possible that you could make up the difference in other exemptions.
What is New York State tax on 125000?
You are the only one that has all of the necessary information that will have to be reported on your New York state income tax return for the year in order to do the calculation for the numbers that you are looking for.
In the state of new york can you claim rent paid on your income tax return?
no, unless it is for business related rent
How much money are you allowed to make before having to file taxe returns in new york state?
how much money can you make in new york state a year without having to file a tax return
Can you file your taxes in any state?
It doesn't matter from where you file (mail) your taxes. However, you don't get to pick what state you want to file a tax return for.In general, you are required to file a state return for the state in which your primary residence is. If you have income that derives from a source in another state (for example, you live in Connecticut, but work in New York) you have to file a return for the state(s) where your income is from in addition to the one for the state where you live.
Do you have to have health insurance in New York?
Yes, in New York, you are required to have health insurance under the Affordable Care Act, unless you qualify for an exemption.
What is minimum income to require New York state tax filing?
In New York State, the minimum income threshold for filing a tax return varies based on filing status, age, and whether the taxpayer is claimed as a dependent. For the tax year 2022, single filers under 65 must file if they earn at least $3,100, while married couples filing jointly need to report if their combined income is at least $4,200. These thresholds can change annually, so it's important to check the latest guidelines from the New York State Department of Taxation and Finance.
Can your 16 year old leave and go live with her grandmother out of state without your permission in the state of New York?
No, they must have permission. Otherwise they are a runaway and the police can return them to their home.
Are New York State Star real estate tax rebates considered income on federal income tax forms?
STAR isn't considered income. STAR is School Tax Relief program. It includes a school property tax rebate program and a partial property tax exemption from school taxes. You apply for the exemption through your local assessor's office.For more information, go to the website of the State of New York Office of Real Property Services, www.orps.state.ny.us for their brochure, STAR School Property Tax Exemption Questions & Answers. Or call 1-877-6-STAR-NY (1-877-678-2769).However, if you itemized deductions and deducted NY state real estate taxes, and the STAR rebate is a refund of a deduction claimed in a previous year, it does have to be reported on your Federal Income Tax return as "other income" (1040 line 21). If you receive the rebate on RE taxes in the same year you paid the taxes, you have to reduce your itemized deduction by the amount of the rebate. -JPD
Do you charge sales tax on construction labor in New York?
Yes, sales tax is generally charged on construction labor in New York unless the work qualifies for a specific exemption or exclusion. It's recommended to check with the New York State Department of Taxation and Finance for the most current information on sales tax requirements for construction labor in the state.
