Is Federal Tax Refund Taxable Income

Federal State Income Tax Information 2012 Layout 1
The portion of your benefit that is taxable income for federal income tax is also taxable income for Minnesota income tax. Refund If you chose a Single-Life benefit, any money remaining in your account after your death is paid in this order; to your ... Access Doc

Allowed by the Internal Revenue Service and federal regulations; since Nebraska corporate income tax is based on federal taxable income, A subtraction is allowed for any state income tax refund included in federal AGI. Estimate: $6,800,000. Foreign Dividend Subtraction Statutory citation: ... Access Full Source

Minnesota Taxable Income - Minnesota House Of Representatives
Minnesota allows the following subtractions from federal taxable income for tax year 2013. State income tax refund. The federal income tax allows an itemized deduction for state income taxes. Minnesota requires itemizers to add back the ... Read More

2011 M1, Individual Income Tax Return - Free Legal Forms
1 Federal taxable income (from line 43 of federal Form 1040, IF YOU PAY ESTIMATED TAX and want part of your refund credited to estimated tax, complete lines 34 and 35 . ... Read Full Source

M1 Individual Income Tax 2010 201011 - Minnesota Department ...
1 Federal taxable income (from line 43 of federal Form 1040, line 27 of Form 1040A or line 6 of Form 1040EZ) IF YOU PAY ESTIMATED TAX and want part of your refund credited to estimated tax, complete lines 36 and 37. ... View Full Source

Federal Income Tax - WestStar Bank
Federal Income Tax – Selected Historical Information 2005 2006 2007 2008 2009 Type of return – single/ joint Date filed Return prepared by: ... Retrieve Doc

Federal IRS Inheritance Income Tax Return Laws & Rates 2012 ...
Federal IRS Inheritance Income Tax Return Laws & Rates 2012, 2013 http://www.harborfinancialonline.com/ ... View Video

2012 Form 540 -- California Resident Income Tax Return
Taxable income. If less than zero, enter -0 Fill in the information to authorize direct deposit of your refund into one or two accounts See the instructions to find out if you should attach a copy of your complete federal tax return. Under penalties of ... Document Viewer

Traditional IRA Tax Deduction - About.com Tax Planning: U.S.
You can reduce your taxable income by contributing money to a traditional individual retirement account (IRA). Contributions to IRAs can be made as late as the first due date of a tax return and can be considered retroactive to the previous tax year. ... Read Article

2012 Form 3581 -- Tax Deposit Refund And Transfer Request
• Amount $ _____ to be transferred to _____ taxable year. Tax Deposit Refund and Transfer Request. For calendar year For purposes of California income tax, references to a spouse, husband, or Federal Employer Identification Number ... Fetch Doc

Amended Nebraska Individual Income Tax Return FORM 1040XN ...
49 State income tax refund deduction , beneficiary,or shareholder claiming the Nebraska adjustment decreasing federal taxable income must attach the applicable ... Retrieve Doc

Wages And Salaries - Tax Treatment Of Wage And Salary Income
Federal income tax is deducted from an employee's total compensation in the form of payroll Many states will utilize the federal taxable wage amount when computing state the employee will receive the overpaid Social Security tax as an additional refund when filing a tax ... Read Article

Colorado Tax Expenditures - University Of Denver
Explanation: Colorado taxpayers who list the state income tax refund as income on their federal income tax return can deduct this amount on the state income tax return. The the tax credit if their federal taxable income exceeds $50,000. ... Fetch Full Source

Federal Income Tax
Federal Income Tax – Selected Historical Information 2004 2005 2006 2007 2008 Type of return – single/ joint Date filed Return prepared by: ... Fetch Here

Income Tax - Refund Subtraction - Colorado
Income Tax - Refund Subtraction What is the state income tax refund subtraction and why is the refund amount subtracted from federal taxable income on the Colorado income tax return? ... Document Viewer

Income Nontaxable Taxable And - Internal Revenue Service
Mum taxable income the amount by which the volunteer federal income tax counseling for the elderly (TCE). You can deduct as a charitable contribution your unreimbursed out­of­pocket expenses in You can claim a refund of any tax paid ... Return Document

Federal Telephone Excise tax - Wikipedia, The Free Encyclopedia
The federal telephone excise tax is a statutory federal excise tax imposed under the Internal Revenue Code in the United States under 26 U.S.C. § 4251 on amounts paid for certain "communications services." The tax was to be imposed on the person paying for the communications services (such as a ... Read Article

Worksheet II - Tax Benefit Rule For Federal Income Tax Refund
Taxable federal income tax refund. Tax Benefit Rule for Federal Income Tax Refund (Do not complete this worksheet if you claimed the Montana standard deduction on your 2011 Montana return.) A tax benefit recovery occurs when an amount you claimed as a deduction or ... Doc Retrieval

Military Tax Guide -- For Federal Income Tax For Tax-Year ...
After you have figured your taxable income and tax liability, you can determine if you are entitled to any tax credits. Most tax credits do not have special rules for members of the Armed Forces. However, the earned income credit and the child tax credit may be of interest to you. The ... Read Article

Worksheet II - Tax Benefi T Rule For Federal Income Tax Refund
Taxable federal income tax refund. Worksheet II - Tax Benefi t Rule for Federal Income Tax Refund (Do not complete this worksheet if you claimed the Montana standard deduction on your 2011 Montana return.) ... Doc Retrieval

Tax - Wikipedia, The Free Encyclopedia
Tax assessment · Taxable income Tax lien · Tax refund Many systems allow individuals certain personal allowances and other nonbusiness reductions to taxable income. Personal income tax is often collected on a pay-as-you-earn for the replacement of all federal payroll and income taxes ... Read Article

FEDERAL INCOME TAXES - Casualty Actuarial Society
2 FEDERAL INCOME TAXES other words, only 15 % of dividends is subject to Federal Income Tax. There are a few exceptions to this 85% credit; for example, dividends ... Retrieve Here

Withholding tax - Wikipedia, The Free Encyclopedia
A withholding tax, also called a retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government. ... Read Article

Change your tax or refund. Presidential 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . 43 44 ; Tax (see instructions). Federal income tax withheld from Forms W-2 and 1099 . . 62 ; ... Retrieve Full Source

Income Tax Fact Sheet 16, Aliens - Minnesota Department Of ...
Receive a property tax refund under the 183-day rule (see page 2). However, if you received over half of your support from relatives, Minnesota starts with your federal taxable income. If you did not live in Minnesota for the entire year and you received income ... Document Viewer

10 Savvy Tax Moves To Make Before Jan. 1st
April 15 is the target date for taxes, but to ensure that you pay the Internal Revenue Service the least possible amount on that date, you need to make some tax moves before the tax year ends. The best news, regardless of your income level, is that you still have time -- until Dec. 31 -- to reduce your tax bill. Some tax moves will take a little planning. But all are worth checking out to see if ... Read News

2012 Instruction 1040 - Internal Revenue Service
If your taxable The tax is: income is: of the amount over ... Doc Retrieval

Individual Income Tax Return OFFICE OF TAX AND REVENUE
15 Enter amount of refund or payment due after any contribution Booklet (pages 12-21) to find the tax on the taxable income on Line 7. Enter the tax amount from the Tax Tables. Line 9. To be eligible for the Low Income Credit, your federal tax liability should be “0”. Line 10. Net Tax. ... Fetch Full Source