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What else can I help you with?
What exactly does free federal tax mean?
I think you are talking about when some companies offer for people to do their federal taxes with the company for free, either online or in person. Your federal taxes, are the main taxes that the federal government takes out not the state government.
What does federal exemption mean?
A federal exemption refers to a provision in U.S. law that allows individuals or entities to exclude certain income, assets, or transactions from federal taxation or regulation. This can apply to various contexts, such as exemptions from federal income taxes, bankruptcy proceedings, or specific regulatory requirements. Federal exemptions are often designed to provide relief or encourage specific behaviors, such as charitable giving or supporting certain industries.
Does taxes collected from Walmart in the states go to Arkansas?
There are a wide variety of taxes imposed at both the federal and the state level. Not all taxes collected from Walmart or its customers go only to the State of Arkansas. Federal taxes paid by Walmart go to the national government, while state taxes go to the state the store is in. The headquarters of Walmart, stationed in Bentonville, Arkansas, pays its state taxes to Arkansas. Just because the headquarters is located in a particular state does not mean all taxes paid by individual stores and outlets go to that state.
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.
What is the tax exemption under Section 10 subsection 14 of Income Tax Act?
You better rephrase to include which country, or state laws you mean. US Federal do not have citations in that format.
What does not exempt mean on w4 form?
On the W-4 form, "not exempt" means that you do not qualify for exemption from federal income tax withholding. This indicates that your employer is required to withhold federal taxes from your paycheck based on the information you provide on the form. If you choose "not exempt," you will have taxes deducted from your earnings to help cover your tax liability for the year. This option is generally selected by individuals who expect to owe taxes or have income that exceeds certain thresholds.
What is the amount per child for income taxes?
I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.
If you repaid taxes due for 2006 in 2008 can you report them on your 2008 return?
If you mean paid federal taxes for a prior year...there is nothing to report...that isn't a deduction regardless if paid on time or not. If you paid State taxes in a different year, that would normally be deductible in the year actually paid for Federal tax purposes.
What does gross income net of taxes mean?
It means your gross income minus the net tax deductions, the tax deductions as federal income taxes, state taxes, Fica, medicare, SUI/SDI. Other taxes are not included, such as, life insurance, charity, or debts that are taken automatic from your paycheck.
What does the state exemption mean?
A state exemption refers to a provision that allows individuals or entities to be exempt from certain state laws, taxes, or regulations. This can apply to various areas, such as income tax, property tax, or regulatory compliance, often benefiting specific groups like non-profits, low-income individuals, or businesses in designated industries. Exemptions are typically designed to promote economic growth, social welfare, or to accommodate specific circumstances. Each state has its own criteria and regulations governing these exemptions.
What does csed mean in state back taxes?
If you receive a letter or notice from the state about this csed and could it mean that you owe some back taxes or child support or some other government debts to the state.
What does SWT mean on payroll stub?
State Withholding Tax, which is to pay state taxes
