General Tax Information

More in General Tax Information

If You Gave Money to Someone Can It Be Deducted Off Taxes?

u may choose to give a gift for many reasons. Perhaps a friend or family member has fallen on hard times. Or, your son may be starting out on his own, and you may want to help him get established with his own home. If you have the resources, why not help out these people? Of ...

What Does SDI Stand for on W2 Tax Forms?

I stands for state disability insurance, which pays a portion of your salary if you experience a non-work-related illness, injury, pregnancy or childbirth. Only a few states require that employers carry the insurance, and either you, your employer or both parties may pay the ...

Can My Husband Legally File Taxes as Married Without Me Knowing?

you're married, you have two choices of filing status when filing your taxes: married filing jointly or married filing separately. Your husband cannot legally file a joint return unless he has legal control of your affairs -- such as through a power of attorney -- because you ...

Do Married Couples Have to File Joint on State Taxes if They Filed Joint on Federal Taxes?

ates typically use information from a federal income tax return to determine tax owed on a state return. In most cases, states require taxpayers to submit a copy of their federal income tax return along with their state return. Unless you have a nontraditional marriage, you will ...

What To Do If You Forgot to File Taxes?

you forgot to file your tax return, the Internal Revenue Service might file a substitute return for you, perhaps causing you to miss out on qualified tax deductions. It might also assess tax penalties and, in extreme cases, pursue a criminal conviction. If failed to file your ...

Do I Have to Pay North Carolina Income Taxes if I Work in South Carolina?

u might need to cross state lines to make a living, but if you do your tax situation is going to be a little confusing. North Carolina and South Carolina each have state income tax systems designed to claim a portion of your income; exactly where you live is going to be the key ...

Does the IRS Pay Interest?

y time a taxpayer makes a late payment to the Internal Revenue Service, the agency charges interest in addition to any late-filing fees. The situation does not reverse itself if you file early -- you don't get interest on refunds owed just because you sent your return well ahead ...

Social Security Retirement Benefits & Taxation by State

en choosing where to retire, seniors must consider a wide variety of factors, from weather and access to favorite pastimes to proximity to family and friends. To ensure your retirement savings will last well into your golden years, you will need to understand how the tax ...

Effective Tax Rate Calculation

u might think you pay a high income tax rate when you consider only your federal income tax bracket. However, your overall, or effective, tax rate is typically lower. This rate measures your total tax as a percentage of your total income. Your tax bracket represents your ...

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