Alabama State Income Tax - 2019 State Taxes Guide
Marine preparing his taxes
Being on the receiving line of an Internal Revenue Service agents phone call or mailing informing you that your tax returns are being audited is a nightmare that millions of Americans have undoubtedly had. A tax audit can turn an otherwise quiet life upside down and cause undue stress on an individual and their family.
Determining whether or not you have to pay taxes on your Social Security benefits really comes down to two factors: 1) your tax filing status, and 2) the amount of your "combined" income. Generally speaking though, you will not have to pay any taxes on your Social Security benefits at all, if that is your only source of income.
Have you ever made contributions to an IRA account, then wondered if you can deduct that investment from your taxes? The simple answer yes, you can, but only in some cases.It all depends on what kind of IRA you contribute to, and in some cases your income level, and if you are covered by an employer-run retirement account or not.
Most people's goal every tax season is to figure out how to owe as little in taxes as possible. The purpose of this entry is to help you with that. The goal here is to show you a handful of ways that you can potentially lower your tax bracket through various personal deductions, thereby lowering the percentage you are taxed at, and save you money.
The Child Tax Credit is one of the most straight forward tax credits that are available for Americans of all tax brackets. First enacted in 1997 and expanded in 2001, this credit has helped offset the cost of raising an eligible child under the age of seventeen.
Alabama Income Tax News & Opinion Articles
|Mon Apr 15, 2019 | upi.com|
Some Americans are getting a sobering surprise as they finish their 2018 taxes -- instead of getting an expected refund, they owe money. And they may be in the same boat...
|Mon Apr 15, 2019 | courant.com|
Despite all the talk about a tax cut after President Trump’s successful overhaul of the tax code, many people are reporting that they are paying more to the federal...
|Mon Apr 15, 2019 | itep.org|
For Tax Day, ITEP has released several new reports that tell a broad story about our nation’s federal, state and local tax systems, providing important details about taxes...
|Sun Apr 14, 2019 | philadelphia.cbslocal.com|
The new law adjusted the withholding tax from paychecks, so most people kept more money for most of last year.
Alabama Income Tax Videos
|Fri Jan 18, 2019|
There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have...
|Mon Jan 07, 2019|
When someone says Income Tax, a switch in our brain turns off automatically, because who will do all that...