Federal Taxes

More in Federal Taxes

How Much Can Be Claimed When Claiming a Stock Market Loss on Taxes?

Most investors suffer stock market losses from time to time. Knowing how the Internal Revenue Service treats the deductions can help you decide when to bite the bullet and sell your losing stocks to maximize the tax breaks. The losses that you can claim depend on the amount of ...

The Tax Effects of a Liquidation of a Partnership

When a business operates as a partnership, the partners each report a percentage -- which is usually the same as their percentage of ownership -- of annual earnings on their personal returns. As a result, the tax effects of a partnership that makes liquidating distributions only ...

How Much Social Security Tax Do You Have to Pay?

The Social Security tax is one part of the Federal Insurance Contributions Act, or FICA, taxes that your employer withholds from your paycheck. The Social Security tax includes not only the portion you pay, but an additional portion your employer pays on your behalf. As of 2012, ...

What Is the 6,000-Pound Vehicle Tax Deduction?

The 6,000-pound vehicle tax deduction refers to Section 179 of the IRS tax code enacted by various Stimulus Acts. It is one of the few tax incentives that work in the favor of small businesses, as of 2012. Typically, equipment purchased by a business can be expensed as ...

How Are 1099-R Forms Coded for Roth Conversions?

You must pay taxes on a conversion to a Roth retirement plan if the funds you converted were originally set in a pre-tax retirement plan, and you must report the conversion on your tax return. You’ll receive an Internal Revenue Service Form 1099-R from your IRA custodian, ...

Federally Tax-Exempt Interest & Dividend Income

The Internal Revenue Service taxes your income, including that stemming from investments. The United States uses a graduated tax rate system, meaning that the more you earn, the higher your tax bracket. By careful choice, you can put some of your investments into the zero tax ...

What Is the Federal Income Tax Table?

One of the biggest questions taxpayers have each year is how much they owe in federal income tax. The amount you owe depends on your income, your allowable deductions and credits, and the current federal income tax rate. If you prepare your own tax return without using tax ...

How Should Married Couples Fill Out a W4?

If you are an employee of a company, your paycheck will have state, federal and, in some cases, local income tax withheld. The amount depends on two factors: how much money you make, and the information you provide on your Form W-4. Filling out a W-4 is pretty straightforward ...

Can a Former US Citizen Receive Social Security Retirement Benefits?

According to The Wall Street Journal, nearly 1,800 Americans renounced their citizenship in 2011, many of them for tax reasons. The decision to give up citizenship involves a host of considerations, not least of which is whether you'll be able to receive your Social Security ...

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.