enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. 13 Tax Deductions You Can Take Without Itemizing - AOL

    www.aol.com/13-tax-deductions-without-itemizing...

    For tax year 2023, the IRS allows a deduction of $300 for buying supplies such as books, computer equipment, software licenses, and other teaching materials. The deduction is $600 for joint filers ...

  3. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate.

  4. International taxation - Wikipedia

    en.wikipedia.org/wiki/International_taxation

    A new income tax law, passed in 1997 and effective 1998, determined residence as the basis for taxation of worldwide income. [168] The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [169]

  5. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    [98] [99] [100] However, two states enacted a form of VAT in lieu of a business income tax. Michigan used a form of VAT known as the "Single Business Tax" (SBT) from 1975 until voter-initiated legislation repealed it, replaced by the Michigan Business Tax in 2008. [101] Hawaii has a 4% General Excise Tax (GET) that is charged on gross business ...

  6. Constructive receipt - Wikipedia

    en.wikipedia.org/wiki/Constructive_receipt

    The full text of the IRS regulation defining constructive receipt states as follows: [2] Income although not actually reduced to a taxpayer's possession is constructively received by him in the taxable year during which it is credited to his account, set apart for him, or otherwise made available so that he may draw upon it at any time, or so that he could have drawn upon it during the taxable ...

  7. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an amount from their gross income for each dependent they claim ...

  8. More of the best sales to shop today: - AOL

    www.aol.com/lifestyle/the-best-sales-to-shop...

    $150 $300 Save $150 Wrap up in this shimmery nylon coat with a removable, fur-lined hood to keep you extra warm and stylish. It's still 50% off during Nordstrom's extender Cyber Sale.

  9. Tax refund - Wikipedia

    en.wikipedia.org/wiki/Tax_refund

    Tax refunds may also be due for income deductions that are applied after the tax year has ended, if one finishes working prior to the year end, or for joint assessment of taxes for a married couple. Tax refunds must be claimed within four years of the end of the tax year if the one is assessed under the PAYE tax system.