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Why is Big Bird being associated with Obama?
That is because Mitt Romney had stated that he would cut funding for public television, could not see why we were paying with tax dollars to keep a television channel working when it should be privately or self funded. Obama made the connection to sesame street and Big bird and rallied around the notoriety saying he would save Big Bird.
Is child support tax deductible if not then why?
Unlike alimony, child support is not tax-deductible and the receiving parent does not have to pay taxes on the income. Why? Because child support is designed to replace the additional resources lost when the parents divorced. If you were still married, you wouldn't be able to deduct the cost of little league uniforms or a new dress for the prom. As a parent it is your responsibility to provide financially for your child, whether he lives with you or not.
If you work in multiple states and pay taxes in multiple states should the sum of your individual state taxable incomes agree with the amount of your federal taxable income?
AnswerI believe so.AnswerNo - even if you work in only one state your State taxable (or gross) income will virtually never equal your Federal taxable (or gross)income. For many reasons. Like State tax is deductible from Federal, but not from itself! Some contributions or types of income too, (like retirement plans, some types of SUI, FICA, etc.), are deductible for one of the taxes, not the other. Etc.In the multi state sceanario you mention - also consider - if you had income in 3 States...one of which doesn't even have an income tax. Hence, no State Taxable income. The remaining two incomes better not equal your Federal.
Are guardianship expenses tax deductible?
If a taxpayer wants to deduct the legal fees of guardianship, then part of these legal fees will need to have to do with the taxpayer trying to collect money for the guardianship. For example, if the guardian receives any child support or other unearned income from the guardianship, separate tax papers need to be filed.
What is the salary of a news anchor in Pakistani television channels?
Well in a talk show Mr Talat Hussain who is a Anchor of a top Talk show has claimed that he paid Rs,2250000 tax which makes his annual salary around Rs12000000.In that Show Mr Kashif Abbasi who is the host of Off the Record ARY Network said that he paid Rs,1100000 Tax. I hope that give you a idea.
Are governor candidate campaign contributions tax deductible?
Political contribution are never tax deductible no matter who the contributions are made to and for which political party.
ARe contributions to NPR tax deductible?
yes
Are fundraising donations and contributions to a 501c6 tax deductible?
Contributions to section 501(c)(6) organizations are not deductible as charitable contributions on the donor's federal income tax return. They may be deductible as trade or business expenses if ordi­nary and necessary in the conduct of the taxpayer's business.
Can you get a tax deduction for a donation to the Obama campaign?
You can't. Politcal contributions are not tax deductible.
Are 401K contributions tax deductible?
401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable income is reduced, tax is then reduced as well.
Financing availability and is it tax deductible?
The 529 college savings plan does not offer a tax deductible on federal income tax returns, however the contributions are considered gifts and come out tax free.
All contributions to a pension fund are tax deductible?
Is not always a true statement
Are contributions to a 529 savings plan tax deductible?
This depends on which state plan you have signed up for. You can open a plan in a different state to take advantage of a greater selection of mutual funds, however contribution to out of state plans are not tax deductible. Contributions to a 529 plan may be tax deductible at a state level. Rules vary depending on the state.
Are HSA contributions tax deductible?
They are excluded form taxable income calculations. That is one of the benefits of the program.
is a roth ira tax decuctible. how much can you contribute. I am age 74 and still working full time?
Contributions are not tax deductible but you can put in what you want.
What are some advantages of having an ESOP stock?
There are a number of potential advantages of having an ESOP stock. There are tax benefits in that stocks are tax deductible and employees pay no tax on contributions they make to the fund.
What Are The Potential Tax Advantages Of 401(k)?
A 401(k) loan provides the opportunity of significant tax advantages. Employer contributions and plan expenses are usually deductible from the business’ earnings. Pre-tax salary contributions and then any earnings are not taxed until withdrawn.
