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Generally speaking, you have to be 65 or older and make less than $17,500 in adjusted gross income if you’re filing singly or as head of household—that limit rises to $20,000 if you’re ...
Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household making less than $14,400 plus $1,000 per dependent or filing jointly making ...
IRS Free File is a public-private partnership between the IRS and tax software providers that offers free online tax preparation and filing for individuals with an Adjusted Gross Income (AGI) of ...
“State income tax depends on your state, but could be as low as 0% or as high as 10% or more. Self-employment tax, the employer and employee portions of Social Security and Medicare taxes, is 15 ...
Every year about this time, I receive a lot of mail from seniors who are confused about whether they should file a tax return. The confusion stems from the fact that many seniors receive income ...
The predecessor to the current comptroller's office started in 1846. The longest-serving Comptrollers in Texas history were Robert S. Calvert, who held the post for 26 consecutive years for an unprecedented twelve terms; George H. Sheppard, who served for 18 years over nine two-year terms; and Bob Bullock, who served for 16 years for four four-year terms and later was notable as one of the ...
When tax return season rolls around, married couples have to decide whether to file their taxes jointly or separately. Filing jointly is far more common and usually results in a lower tax bill.
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