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if your tax liability is less than the amount of tax you paid, you subtract the liability from the amount paid. the result is your refund owed.
if your tax liability is more than the amount of tax you paid, you subtract the amount you paid from your total liability. the result is what you owe.
What else can I help you with?
Which online tax return calculator is easiest to use?
Turbotax has a good online tax service where they will ask you some questions and calculate your return for you. Hrblock.com has a free tax calculator which can help you calculate your own return.
Where can I find a tax return estimator?
The best place to find a tax return estimator is HRBLOCK.com. There are many other websites out there that can calculate this number for you that are accurate.
What are tax return loans?
Tax return loans are when an individual borrows an amount of money against their tax return.
What is file an amended tax return?
If you have filed a tax return but you then realize that your return is inaccurate in some way and you wish to correct the inaccuracy, you can file a revised tax return which would be called an amended tax return.
Can I amend my state tax return only?
Yes, you can amend your state tax return separately from your federal tax return.
When filing for the federal income tax return do you have to attach schedule a for the state income tax return?
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
What salary amount is enter on your tax return?
That question is not on your tax return.
Do you send your W2 with your tax return?
No, you do not send your W2 with your tax return.
Find the after-tax return to a corporation that buys a share of preferred stock at 40 sells it at year end at 40 and receives a 4 year end dividend. The firm is in the 30 percent tax bracket?
To calculate the after-tax return, we first determine the pre-tax dividend income, which is $4. The tax on this income is 30% of $4, resulting in $1.20 in taxes, leaving an after-tax dividend of $2.80. Since the stock was bought and sold at the same price ($40), there is no capital gain or loss. Therefore, the total after-tax return is $2.80, which is a 7% return on the initial investment of $40.
How you Calculate Provision for Income tax?
how to calculate provison for income tax
H and R Block checking on tax return?
status on tax return
What is annual tax return?
An annual tax return is a form submitted to the tax authorities that reports an individual or business's income, expenses, and other financial information for a specific tax year. It is used to calculate the amount of tax owed or the refund due, based on the taxpayer’s financial activities. Typically, taxpayers must file their returns by a set deadline, and the information provided is used to assess compliance with tax laws.
