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  2. How Much To Take Out of Your Paycheck To Ensure a Tax ... - AOL

    www.aol.com/finance/much-paycheck-ensure-tax...

    In order to calculate your withholding, take a look at your most recent pay stub. From your pay stub, you’ll need the following information: Wages or salary per pay period. Wages or salary year ...

  3. I'm Getting Divorced. How Will My Taxes Change? - AOL

    www.aol.com/taxes-may-change-divorce-130001581.html

    It is worth noting that for taxpayers filing now, the IRS said that “if you have no legal responsibility arising from the divorce settlement or decree to pay your spouse’s legal fees, your ...

  4. Will I Owe Taxes on a Divorce Settlement? - AOL

    www.aol.com/finance/avoid-paying-taxes-divorce...

    In all ordinary cases, spouses do not owe any taxes for property transfers due to a divorce. This is controlled by two sections of the law: U.S. Code Section 1041(a) and U.S. Code Section 2516.

  5. Marital deduction - Wikipedia

    en.wikipedia.org/wiki/Marital_deduction

    Deductions are transfers between spouses that last a lifetime and are appointed by will which are eligible for a deduction on the federal tax form. [7] Credits are the sum deducted from one's payment owed to the federal, state, or local entity. [8] Credits allow taxpayers to pay less in taxes, while deductions can reduce taxable income. [9]

  6. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.

  7. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    Texas – no individual income tax but imposes a franchise tax on corporations. In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were ...

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