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Deductions are listed on Schedules attached to your tax return. It tells you which spouse can deduct what.

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13y ago

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Continue Learning about Accounting

Role of accounting department?

The role of the accounting department is very important because they document the money that goes out and the money that goes in. They also handle payroll and tax deductions.


What exactly is a payroll software?

Payroll software is used by companies to create paychecks for their employees. Payroll software can handle complicated mathematical calculations such as tax deductions and employee reimbursement.


Tax deductions sections under income tax act?

No such thing. Tax deductions or non-taxable income may appear in any section, along with many other things. The tax laws are not written the way you imply. You would look at how to handle each type of matter or income or expense....and frequently there is no clear answer...and frequently whatever answer is situational...what may be a deduction for you is not for me...etc.


Responsibilities of accounting department?

The responsibilities of an accounting department are to handle all financial transactions in the organization. These includes bookkeeping, filing returns advising on various monetary policies and so much more.


What is meant by small business payroll services?

Small business payroll services are solutions—often provided by specialized companies or software—that handle the process of paying employees for small businesses. They typically include: Calculating wages based on hours worked or salaries Withholding taxes and other deductions Filing payroll taxes with government agencies Issuing paychecks or direct deposits Maintaining payroll records The goal is to save small business owners time, reduce errors, and stay compliant with tax laws.

Related Questions

What are payroll tax deductions?

Here's a link to a website that explains all about payroll tax deductions and how to handle them. http://taxes.about.com/od/payroll/qt/payroll_basics.htm


How do you file with two last names?

When filing with two last names, you can choose to use either a hyphenated format (e.g., Smith-Jones) or list both names separately (e.g., Smith and Jones). Make sure to be consistent across all documents and forms. Additionally, check the specific requirements of the institution or organization you are filing with, as they may have guidelines on how to handle dual last names.


What is being married life?

married life,,chalenge how to handle a family


Does anybody repair filing cabinets?

You can call Service Magic in the Atlanta, GA are to repair your filing cabinets. They are a handyman business.


Finding Free Tax Help on Deductions?

Educating yourself about deductions is one of the best ways to handle the filing of your taxes. Even if you are working with a tax accountant to file your taxes for the upcoming year, you should not trust that he or she will give you every possible deduction. It is likely a tax accountant may forget about a new deduction that you can use. If you are educated about tax credits like the Child Tax Credit or Earned Income Credit, then you can use your knowledge to remind a tax accountant of the benefits that you are entitled to receive.


If I marry someone with previous tax debt does the debt become my debt?

It is actually easier to just file married filing separate; this way there is no additional paper to prepare. Therefore if and wne you have tax liability, the IRS and possible tax resolution firms will be able to handle the issue with more ease.No, but there are two things you can do to ensure that your spouses debt remains separate. First you can always file married filing separate until the debt is cleared up. the second thing you can do is file married filing joint but file innocent spouse. Innocent spouse form is 8857.You can go to this IRS website link for more information. See the page link, further down this page, listed under Related Links.If you file MFJ then you will gain the tax credit for being married and filing the innocent spouse should waive your responsibility to your spouses tax debt.


Are payroll taxes deductible?

Here's a link to a website that explains all about payroll tax deductions and how to handle them. http://taxes.about.com/od/payroll/qt/payroll_basics.htm


Did handle have any children?

no because he never got married


Role of accounting department?

The role of the accounting department is very important because they document the money that goes out and the money that goes in. They also handle payroll and tax deductions.


How do you handle constant threats you are a married woman a caregiver and at busybodies and trouble makers?

How do I handle busybodies and trouble makers , especially difficult when Iam a CAREGIVER or married to someone with CHRONIC health problems


Did George Friedrich Handle get married?

No, George Frideric Handel never married and kept his personal life private.


Why is Zak Bagans not married?

He has to much to handle.. but he did have a gf, but as of currently he is single.