0
You work for a company from home and they do not deduct any taxes can you claim that as income on your taxes and pay what you owe?
ADDED: I would amplify on that answer a little: Check with your local IRS office, there are also restrictions and requirements such as filing quarterly returns if you are self-employed and/or do not use withholding. ALSO: You also have the requirement to pay Social Security taxes and any state/local taxes and levies that are required. Don't forget to cover ALL your bases. The tax authorities can be VERY uncomfortable to deal with.
if they are a legit company they will 10-99 you at the end of the year and that's what youll do is pay whats owed if they don't i would file it myself and pay whats owed
What else can I help you with?
Can you deduct a loss of income due to medical on income taxes?
yes
Can you deduct payroll taxes?
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
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.
What will happen to your income taxes when you own a home?
I think you can deduct your property taxes and the interest on your mortgage!
Can you deduct lost wages on your taxes due to an on the job accident and workers comp only paid you 60 percent of your normal pay?
No. You cannot deduct lost income when you never claim the actual income in the first place. You are only taxed on the amount of taxable income that you received. The reason that Worker's Compensation pays you at this level is that you are not paying income taxes, state taxes, social security taxes nor medicare taxes on this income.
Can you deduct a loss of income due to medical on income taxes?
yes
Can you deduct payroll taxes?
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
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.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
Can I deduct 401k contributions on my taxes?
Yes, you can deduct 401k contributions from your taxable income on your taxes, which can lower your overall tax liability.
When can you deduct IRA contributions on your taxes?
You can deduct IRA contributions on your taxes if you meet certain income requirements and if you contribute to a traditional IRA.
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.
What will happen to your income taxes when you own a home?
I think you can deduct your property taxes and the interest on your mortgage!
Can you file taxes in 2021 if you have no income but claim a dependent?
Yes, you can still file taxes in 2021 if you have no income but claim a dependent.
Do you claim rent on income taxes?
Residential rent is not deductible. You can deduct any rent used for business purposes such as office rental, equipment rental, vehicle rental, etc.
Can I deduct my IRA contribution on my taxes?
Yes, you may be able to deduct your IRA contribution on your taxes, depending on your income level and whether you have a retirement plan through your employer.
