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Yes, permanently disabled individuals are generally required to pay federal and state taxes if they have income that exceeds certain thresholds. However, various tax benefits and deductions, such as the Earned Income Tax Credit or medical expense deductions, may apply to help reduce their tax burden. It's advisable for individuals in this situation to consult a tax professional to understand their specific obligations and available benefits.
What else can I help you with?
Which agency collects taxes from workers to pay benefits and living expenses for those who become permanently disabled?
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
Does TurboTax do all federal state AND local taxes?
Yes, TurboTax has the capabilities of doing both federal and state income taxes. If you choose the free version for the federal taxes you will have to pay a fee to complete the state taxes.
What is the purpose of federal taxes?
Federal taxes are used to fund public projects for the benefit of the people. They are used for infrastructure and to provide public programs such as programs for the poor or disabled.
This agency collects taxes from workers to pay benefits and living expenses for those who become permanetly disabled?
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.
What are federal estate taxes?
Federal state taxes are taxes to be paid to the federal government on owned property. Theses taxes are to be paid once a year.
Are social security taxes state taxes?
Social Security is a federal program. It is a federal "tax" not a state tax.
Do you have to send a copy of the state taxes with my federal taxes?
No
What is mandatory deductions?
state taxes, federal taxes, and local taxes.
Does the IRS collect state taxes?
No, the IRS does not collect state taxes. State taxes are collected by individual state governments, while the IRS (Internal Revenue Service) collects federal taxes on behalf of the federal government.
Which agency collects taxes from workers to pay benefits and living expense for those who became permanently disabled?
social security administration
Can additional federal taxes paid in 2007 for tax year 2006 modify your state taxes for 2007 taxes?
No. While State taxes are a deduction to Federal income and hence may change your tax due to the Feds, your Federal tax does not effect your State taxes in any year.
