 How do I find out if I'm entitled to a tax rebate? |
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which form do i need to complete? p60, p40, or p50? inland revebue website isn't the easiest to navigate!... |
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 Where do I send My w-2 form to get my income tax??? |
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It's not mine it's my boyfriend's but he wants me to do it.
I got scared he would get mad so I lied and told him I already did his taxs for him.<... |
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 How do I find out the amount of my tax stimulus? |
| I've been looking all over online but I just keep finding a form that people have been stating is incorrect. I filed my 2007 tax return with 1040A. How do I figure out how much I'll be ... |
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 Is there a Tax Credit for Hobby? and how is this possible!? (texas)? |
| buddy of mine went to get taxes done, preparer said i can get you $250 back. my bud got upset, tax guy said he actually owed but worked the numbers. my friend then went to another lady that gave ... |
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 If my child lives with me but visits his father on the weekends can he claim him on his tax's? |
| i have worked off and on since the father of my son and i split up, going on 3 years.. the jobs i had, i didnt work much at all about acouple months most, due to some difficulites with son in ... |
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 How many...? |
| My friends hubby just got a job that will pay him approximately 24,000 a year. She does not work and they have 3 kids. He says they shouldn't claim but 1 dependant through the year and the rest ... |
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 How much income tax can I expec to get back if I have a 6 month old baby, who I do not claim as exemption? |
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No one else is claiming my child. I make about 2188 a month, but after taxes it is 1542.... |
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 My tax code was changed from 503L to 522L, i don't know what this means, even though i have two jobs? |
| Though the two jobs i have always been on 503L, Now one of them has been changed to 522L, but am yet to get my payslip for the other job. Can someone please explain what 522L means. Thank you.... |
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 Does stimulus rebate checks go out by head of housholds ssn or by first on tax returns? |
| I have been told that the economic stimulus checks go out by the ssn of head of houshold, but then again in have been told it goes by who's name is first on the tax return, when filing jointly. ... |
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 Do I report the house I bought in september on my 2006 taxes? |
| My husband and I bought a home in September 2006, do we report it this year or next year? This is our 1st home & we feel lost with all this stuff. Will we get anything back for points we ... |
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 Is child tax credit the same as income support? |
| i claim income support for myself n 3 kids but is child tax credit incuded in income support or is that something else? ive just been lookin through the net about benefits and found this? is it ... |
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 Can I donate furniture to Goodwill and write off the values of the furniture on myh taxes? |
| I have a king size mattress set, 32" tv and chaise sofa that I do not want to move cross country. Can I have Goodwill pick it up and write it off? IF so how do I determine the value?... |
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 Stimulus payment....my son turned 18 in January 2008? |
| My son turned 18 in January, will I still get 300 for him from the economic stimulus? I claimed him for the entire year 2007.... |
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 My job does not withhold taxes I am married with two kids under the age of 10 making 600. a week what % should |
| I need too know what % per week I should be puting aside to pay both my federal and massachusetts state tax.... |
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 Do you do your own taxes or do you pay someone else to do them? |
| I go to the library every year and get them done for free. I probably could just do them myself. Mine are usually pretty much the same every year.... |
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 I hear on the news that people making $50,000 or $60,000 per year are not paying taxes. Why am I? |
| They don't make it clear if it is personal income or family earnings. We are just my husband and myself.... |
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bush-deathgrip | Do you have to claim last years tax refund as income this year?...its already taxed!? |
it was income last year,,,,,and now they are going to tax it again?......jezuz....this is such a ripoff |
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Nusha
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You do NOT claim last year's federal income tax refund as income in the following year.
If you received a state refund, you have to check if you got a benefit from taking it as an itemized deduction. If on Sch A last year you took a deduction for state income taxes withheld then you got some back, it makes sense that you have to show that as income in the following year.
There is a worksheet in the Instructions to Form 1040 that helps you calculate the amount of a state income tax refund that is income this year because you took it as a deduction in prior years. |
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Ryan K
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In general, you don't.
If you itemized your deduction on a schedule A last year, then you were able to deduct state taxes withheld, the idea being to deduct state taxes paid. The amount of state taxes that you got a refund on were not paid as taxes, since you got them back. Ergo, you should have been taxed on them, so the IRS makes you claim them as income the next year.
Your federal refund is never ever taxed. |
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Judy1
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Not your federal refund - you're right, that's already taxed.
If you got a state refund, you'd only claim it if you itemized the year before and deducted it, since that would mean that it wasn't taxed yet.
If you got a state refund but didn't itemize last year, you can just ignore it and don't have to report it. |
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?
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Depending on the state & how much your refund was. I know here in NY, the IRS issues a 1099-g for for you to fill out if you itemized. Crazy, but true. Hope this helps!
Regards,
Erin |
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Fizzle
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I sure as hell hope not, or they're gonna hit me for the last 30-some years. |
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~*WoodSmoke*~ ~Environment~ daBlogPound,Inc
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If you received a State Tax Refund last year, and you are itemizing your Federal Return the State Refund will be taxable to you this year, because you were given "credit" for all taxes paid last year on an itemization.
Good Luck & Bless |
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Allan H
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I think you need to claim that amount also. But you need not pay tax on it as you have already paid last year.
for furthur clarification go through these sites. these taxes are tax filing sites which help you to get benefited by the deductions providing by them.
try these out and good luck |
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Karen
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Yes...ain't it the shi+s? I think it is ridiculous. |
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