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Obviously, tax isn't deductible from determining the income that is taxable, for the same tax involved. There is no limit to the amounts. Generally: Federal - State (and city) income taxes and property taxes, (and under a new rule some sales taxes if your in a state without property tax), and of course a plethora of the payroll type taxes may or may not be currently includable in determing Federal taxable income. State Income taxes do not allow their own State (and sometimes other States) taxes to be deducted...essentially you add them back to your Federal Taxable Income. They may also consider some things like Unemployment Ins payments (and other payroll taxes) differently than the Feds. Also generally, to be currently deductible, the tax must have been paid to the jurisdiction, not just what you expect to pay.
What else can I help you with?
How much of a donation can be deducted from income tax?
There are income requirements and deduction requirements you have to meet before you can deduct donations.
How much federal and state tax should you have taken out of your pension check you are married the amount of your check is 1100.00?
If your pension is your and your spouse's only income, Federal, 10%. Many States do not tax retirement income - you will need to check with your State.
How much will you pay in federal taxes?
If I retire and my income is $4500. a month, how much federal income tax will I pay?
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
How much federal income tax do is owed on 750000 income?
170000
How much does each state pay in Federal income taxes?
as much as they wont.... =)
How much of a donation can be deducted from income tax?
There are income requirements and deduction requirements you have to meet before you can deduct donations.
How much federal and state tax should you have taken out of your pension check you are married the amount of your check is 1100.00?
If your pension is your and your spouse's only income, Federal, 10%. Many States do not tax retirement income - you will need to check with your State.
How much will you pay in federal taxes?
If I retire and my income is $4500. a month, how much federal income tax will I pay?
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
How much in taxes are typically paid on Hot Lotto winnings?
Hot Lotto winnings are typically subject to federal income tax at a rate of 24 and state income tax, which varies depending on the state.
How much federal income tax do is owed on 750000 income?
170000
How much is the PTO payout taxed?
The PTO payout is subject to federal income tax and possibly state income tax, depending on the state. The amount of tax depends on the individual's tax bracket and other factors.
How much does PTO payout get taxed?
PTO payout is typically taxed as regular income, subject to federal and state income tax withholding. The specific amount of tax depends on your total income and tax bracket.
What states have federal income tax?
It is much easier to tell you the states that do not have a personal income tax. Currently in 2009 seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not tax personal income
What income tax do you pay on 9600?
How much federal income tax is paid on $9600.00
W-4?
The form you fill out before you start a job that will determine how much money is withheld from your paycheck for federal and state income taxes.
