Posts Tagged ‘Standard’
Is there a standard business tax deduction for sm business like the standard 5700 ded we have?
18
May
I know the standard tax ded is 5700 or u can choose to itemize. I’m starting a business later this year so i dont have a tax professional just yet, trying to get a better understanding.
Can I change my state tax return to standard deduction from itemized even though I didnt change my federal?
08
May
I am being audit for state tax and they are requesting my doc and receipts for my itemized deductions…I did not keep anything…can I just take the standard for my state instead of itemized like i did for my federal. This is for NC state return
Can I take itemized deduction for Federal tax and take standard deduction for state tax?
06
May
Can I take itemized deduction for Federal tax and take standard deduction for state tax. Can anyone help me.
Can I take itemized deduction for Federal tax and take standard deduction for state tax?
I live in California state
Standard home income tax deductions?
14
Apr
I bought a home and January. I need to know what is tax deductible? I also have a interest only home loan. How can I deduct that on my income tax?
Tax Deduction: Income Tax, Gross Income, Alternative Minimum Tax, Tax Credit, Adjusted Gross Income, Standard Deduction
11
Apr
Product Description
High Quality Content by WIKIPEDIA articles! A tax deduction or a tax-deductible expense affects a taxpayer’s income tax. A tax deduction represents an expense incurred by a taxpayer. They are variable amounts that you can subtract, or deduct, from your gross income.[1]It is subtracted from gross income when the taxpayer computes his or her income taxes. As a result, the tax deduction will lower overall taxable income and thus lower the amount of tax paid. The exact amount of tax savings is dependent on the tax rate and can be complicated to determine. For some higher-income taxpayers, claiming all eligible tax deductions would result in having to pay the alternative minimum tax, and would result in a higher amo… More >>
IRS Question Standard deductions and personal exemptions?
27
Mar
Hey I was wondering, if I dont work and I want to build up some credit, why dont I just declare about 16,000 dollars as income and with all the standard deductions and exemptions i wont have to pay a penny of tax. I am married and i am allowed about 10,700 of standard deduction and about 7000 of personal exemption. Any ideas????
Legal Loan Modification Vs Standard Modification
07
Feb
The lenders have gotten 700 billion dollars of our tax dollars to help homeowners modify their loans to more affordable payments. However the lenders are basically sitting on this money and they a…