| income tax |
| How can we make our income, exemptions, and withholding work together to break even next year for tax season? |
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The best advise would be to sit down with a tax accountant that may also be certified as a financial planner. I am not completely sure abou...... |
| What is the maximum annual income a person can have and not have to file a US tax return? |
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well that would depend on if the taxpayer is born before or after jan 2, 1942 if born before the maximum amount you may earn without being r...... |
| Will i have to pay tax in the u.k if my business has no income for a year? |
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Tax is levied on profits so, no profits, no tax.
Are you trading through a company or are you self-employed?
If self-employed then you...... |
| My Income is 2.5 laks P.a, how can i save the tax? |
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Conect my C.A. at 9925000788. He will guide you as my income is 5 to 6 lack p.a. but I am not paying any tax with his advise....... |
| American living in NZ, income is web based business in US so what's the tax situation? |
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You should consult a tax professional in NZ for the specifics. I would assume that if you pay all the taxes due in the US, you shouldn'...... |
| How do two middle income people with 2 kids get 8000.00 back on a tax return without cheating and EIC? |
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By having way too much withheld. So they gave the government a no-interest loan of that money for the year.
Anybody can get a big refund ...... |
| At what earnings levels do your tax percentages go up? What are the percentages for each income level? |
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There's no point at which you lose money by working, since the highest bracket for federal is 35% (and that only cuts in at $335,500) so...... |
| V.P. Cheney claimed income of one point six million and paid four hundred thousand in taxes, isn't that a tax. |
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and the refund will be 1.6 billion...... |
| If I buy a 2006 prius, Is their an income ceiling above which I can not take the $3150 tax credit? |
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Credits are taken off your tax bill after your Adjusted Gross Income is calculated. You always get them. Deductions are used to figure out y...... |
| Tax question- what if my itemized deduction is higher than my adjusted gross income? |
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As long as you have the paper work to back you up, you'll be fine. A lot of business end up being in the red when it comes to tax time....... |
| I am estimating fed tax quarterly payments, how do I handle first quarter if my income grows through the year |
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Form 1040ES references pub 505, which addresses exactly that problem on page 23 "Annualized Income Method" . The work sheet effec...... |
| I need to see tax chart,to see what my taxs are based on my income? |
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Here is the U.S. Internal Revenue Service (IRS) 2005 Tax Table.
...... |
| Tax liability of a foreign citizen working in USA on his income outside USA under double taxation avoidance.? |
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You get a credit on your US tax returns for any foreign taxes you paid on that income, which avoids the double taxation....... |
| If a person has no income from US sources, does he need to fill a tax return? |
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Yes they do, but you can deduct foriegn tax off of the net owed up to $300. So if you would normally owe $250 and paid $300 in foriegn tax,...... |
| Do you receive tax information for pulling out retirement benefits. Is it considered income? |
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You can get answers to almost any of your tax questions by calling the IRS at this #1-800-829-4477....... |
| What are considered tax write offs in CA for one who receives retirement income? |
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Same as everyone else:
Medical Expenses (in excess of 7.5% of income)
State Taxes (Income/Sales and Property)
Mortgage Interest
Charit...... |
| Why would my ex wife want to claim one of my two children for a tax return for which she has had no income? |
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Hey Scott - Agree with Melvin...unless she does have some income which you do not know about or she may be collecting unemployment compensat...... |
| How do find ppl with a high income who would like to giveaway money to reduce their tax?? |
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Sorry, it doesn't work like that. Income tax relief is only provided for charitable giving, which means the recipient has to be a regist...... |
| As a California resident who received no income for 2006 do i have to file a state tax return? |
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It would definitely be beneficial for you to file at least for the federal portion. If CA is a state that allows you to file a separate stat...... |
| Is there an income cap for which you do not need to file a tax return? |
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you do not have to file because you are under the 2006 taxable income basis which is
$5150(standard deduction) + $3300(personal) = $8,450
...... |
| If my total income for the year is less then $2000,and my deductable tax is less than....? |
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If you only paid in $200, then you will only get $200 back, unless you also qualify for the earned income credit, which is a refundable cred...... |
| Should my 16 year old son with an income of 2500 USD claim the 60.00 telephone excise tax credit? |
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Not unless he actually paid for a phone during the period 3/2003 thru 7/2006 that had long distance or bundled service. He most likely didn...... |
| What will my taxes/tax rate be when I retire at 63 with an income of $42000 per year? |
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Exactly the same as the would be now if your current income was $42,000/yr....... |
| Why should married people get a tax break, when a single person has only one income, if there are no children? |
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To not let you have comfortable single life....... |
| Where can I go for free tax help regarding a relative on Social Security Disability Income? |
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If their only income is SSDI, then they have no filiing requirement, If they have other sources of income, pensions, interest, investment in...... |
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