Tag Archive | "State"
What Taxes Does A Company Pay For Its Earnings?like Federal Tax, State Tax, Social Security Tax, Medicare Etc?
An employee pays federal tax, state tax, medicare tax, SUI/SDI tax and social security tax.. But, what type of taxes does a company pay for its profit/earnings?
Continue reading...Does The Irs Tax You After You Already Paid The Federal And The State Taxes On Your Lottery Winning?
Wednesday, February 10, 2010
1.I am not sure,so I ask. After the federal and state taxes on your lottery winning is already paid,does the IRS tax you anymore? 2.What do you think about taxes on lottery winnings? Even though,buying a lottery ticket is the same as a voluntary tax.
Continue reading...17 Year Old Working And Will File A Tax Return To Get Refund Of State And Local Taxes?
Monday, February 8, 2010
The 17yo will check on his taxes that someone else can claim him. The parents of the 17yo will claim him on their taxes. Who gets the tax rebate? The 17yo filing as an individual, the parents claiming the child, or both?
Continue reading...How Do I Calculate State Taxes On Interest Income?
Sunday, January 24, 2010
I am in the military and a TX resident (no state tax). My wife and I live in MD and she works and pays taxes there. We have several savings accounts that have a couple of thousand dollars in interest income for the year. They are joint accounts. How do we [...]
Continue reading...How Do Taxes Work If You Consult For A Business That Is Out Of State?
Monday, January 4, 2010
Hello all, I am currently an independent consultant for a company based in Massachusetts. However, I do ALL of the work remotely in California. The employer did withhold anything. Do I still have to pay MA state income tax, or do I only pay California state taxes? Thanks in advance!
Continue reading...Can I Deduct Federal Taxes Paid In 2007 On My State Tax Return?
Friday, January 1, 2010
I made a mistake on my 2005 Federal taxes and had to pay about $1000 in 2007 on that 2005 tax year. Pretty sure I can’t deduct that on my Federal return, but can I deduct it on my state return?
Continue reading...What State Has The Lowest Property Taxes?
Friday, December 25, 2009
After 20 years in the Military moving from state to state and country to country and after working overseas as a civilian for the last 10 years were ready to settle down and retire. We are now looking for a state to retire to that has low property taxes, not too cold of a climate, [...]
Continue reading...How Do State And Federal Income Taxes Work?
Friday, December 25, 2009
I am 16, live in Michigan, and recently started working my first real job. On my most recent paycheck over half of it went to Federal Income taxes, State Income taxes, Social Security taxes, and Medicare taxes. Does this sound right?
Continue reading...Can You Itemize Your State Taxes On Your Federal Tax Return?
Monday, December 14, 2009
I hear so much about how you won’t have enough to itemize to overcome the standard deduction if you don’t own a home. However, I paid almost $4000 in state taxes in 2006, which is close to my standard deduction of $5150 (single). I’ve heard that you can itemize state taxes. Does that mean [...]
Continue reading...Our State Taxes Are Higher Than The Federal. Does Anyone Else Live In A State With High Taxes?
Monday, December 7, 2009
We do not itemize our federal taxes. Still we pay $600 more per year in state taxes than in federal.
Continue reading...© 2009 IRS Tax Relief. Powered by Wordpress.
Wednesday, February 24, 2010
5 Comments