Sentences with phrase «personal federal and state income taxes»

Not sure if anyone brought this up, but how do you account for personal federal and state income taxes?

Not exact matches

Taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes as well as either income taxes or general sales taxes.

Starting next year, you won't be able to deduct more than $ 10,000 of the combined total of your state and local income taxes and your local property taxes on your personal federal income tax return (or sales plus property taxes in states where there is no income tax).

This includes federal and state income taxes, as well as other taxes such as personal property taxes, vehicle taxes, and certain other small taxes.

The proposal would either replace or exist alongside the current personal income tax as a workaround to a newly approved federal cap on state and local tax deductions.

Changes to the federal tax law cap personal deductions for state and local income, property and sales taxes at $ 10,000.

Nixon and Marinoni's personal returns show they paid $ 150,600 in federal taxes last year and $ 62,866 in New York state and New York City taxes, with smaller amounts of income tax paid in five other states related to Nixon's acting career.

New York has sold $ 35 billion of bonds backed by the personal - income tax, a levy that Cuomo wants to largely do away with to protect residents from being hit by new federal limits on state and local tax deductions.

New York has sold $ 35 billion of bonds backed by the personal - income tax, a levy Cuomo wants to largely do away with to protect residents from being hit by new federal limits on state and local tax deductions.

The 1999 Constitution in section 162 (1) establishes a pool of revenue belonging to all three levels of government, federal, state and local government, called the Federation Account, «into which shall be paid ALL revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja&federal, state and local government, called the Federation Account, «into which shall be paid ALL revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja&Federal Capital Territory, Abuja».

He says they'd have to pay $ 294 more dollars in additional federal pay roll taxes, nearly $ 3000 in additional state and federal personal income taxes, and would receive $ 1300 less in earned income tax credits for the working poor.

Cuomo last week proposed replacing the state's personal income tax with a payroll tax as a response to the federal tax law capping state and local tax deductions at $ 10,000.

State Comptroller Thomas DiNapoli today issued his own mid-year summary, accompanied by a press release citing the «triple threat of budgetary risks» posed by «projected budget gaps, weaker than expected personal income tax collections and cuts to federal programs.»

Gov. Andrew Cuomo earlier this month floated swapping out the state's personal income tax with a payroll tax as a way to circumvent the new federal law that caps state and federal taxes at $ 10,000.

Winners shall be solely responsible for all taxes and fees or costs associated with any prize, including but not limited to any federal or state or other income tax, ground transportation (except as expressly stated above), meals (except as expressly stated above), gratuities, personal expenses and any other expenses not expressly specified herein.

Most state and local government revenues come from sales taxes, grants from the federal government, personal income taxes, and property taxes.

The fund's investment objective is a high level of current interest income that is exempt from federal income tax and New York State and New York City personal income taxes.

This wide - ranging category includes credit card bills, auto loans, medical expenses and other personal debts, such as overdue federal and state income taxes.

It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self - employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

This offering provides exposure to the Massachusetts municipal bond market, seeking to provide Fund shareholders with current income exempt from regular federal income tax and state personal income tax.

Since much of the tax information (income, personal information, deductions etc.) on a state income tax return is similar to a federal income tax return, efile.com will guide you through the screens that are the same for federal and state.

This offering provides exposure to the Maryland municipal bond market, seeking to provide Fund shareholders with current income exempt from regular federal income tax and state personal income tax.

All other interest is considered personal interest, which includes interest charged on credit cards, auto loans, unpaid utility bills and late payment or underpayment of federal, state and local income taxes.

This offering provides exposure to the Pennsylvania municipal bond market, seeking to provide Fund shareholders with current income exempt from regular federal income tax and state personal income tax.

This offering provides exposure to the Georgia municipal bond market, seeking to provide Fund shareholders with current income exempt from regular federal income tax and state personal income tax.

This offering provides exposure to the Virginia municipal bond market, seeking to provide Fund shareholders with current income exempt from regular federal income tax and state personal income tax.

For example, if you are in the 28 % federal tax bracket and pay 4 % state income taxes, enter 32 % for your personal income tax rate.

Enter your total personal income tax rate, combining your federal and state tax rates.

State income, business, and estate tax returns, personal property tax returns, and confidential records held pursuant to § 58.1 - 3 (which include any information with respect to the transactions, property, including personal property, income or business of any person, firm or corporation and any copy of a federal return or federal return information required by Virginia law to be attached to or included in the Virginia return)(§ 2.2 - 3705.7 (1)-RRB-

The port supports 400,000 indirect jobs and 229,000 direct jobs while generating $ 90 billion in combined personal and business income and $ 8.5 billion in federal, state, and local taxes.

Handled preparation of business income tax returns, sales tax returns for multiple states, personal property tax returns for multiple states as well federal and state individual income tax returns.

If so, it looks like you'll take your standard deduction and personal exemption and pay only state and federal income tax.

If support staff and personal assistants work as employees, you are responsible for withholding federal and state income taxes, withholding the employee's share of the FICA (Social Security and Medicare payments), and paying your portion of FICA.

Section 1031 of the Internal Revenue Code allows you to dispose of certain real or personal property and defer the payment of your federal, and in most cases, state depreciation recapture and capital gain income tax liabilities by exchanging the real or personal property (relinquished property) for qualified use «like - kind» property (replacement property).