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So if you're buying a car worth $30,000 and your trade-in is worth $20,000, you'd be charged taxes only on the $10,000 difference between your new vehicle and your old one.
You must pay vehicle sales tax when you buy a used car if you live in a state that has sales tax. However, you do not pay that tax to the car dealer or individual selling the car.
Key takeaways. If your state overpays your unemployment insurance benefits, you’ll typically need to repay by a set due date, file an appeal or request an overpayment waiver with the state, or ...
Equitable recoupment is a judicially created defense most commonly applied in legal cases in the federal and state tax systems of the U.S.. [1] [2] This doctrine can allow, under specific circumstances, the government to defeat a refund claim or a taxpayer to avoid an assessment on the basis of a past underpayment or overpayment that is outside the statute of limitations period.
Most new employers in the state of Indiana start with a 2.5% unemployment tax rate unless your company is a construction company, successor company, or a government entity, at which point your tax rate is 2.53%, .5% to 9.4%, 1.6% respectively. [9] Indiana employers are required to pay unemployment taxes for any year in which they have employees ...
The Internal Revenue Code and the Social Security Act Title III now also require states to reduce their current unemployment to recover previous incidents of overpayment. An extension of The Assistance for Unemployed Workers and Struggling Families Act has been granted until December 31, 2012.
Up to $10,200 of unemployment could be exempt from taxes. ... Quarterly payments for 2021 are due on April 15, July 15 and Sept. 15 of this year, and then on Jan. 17, 2022 (because the 15th falls ...
In a memo released yesterday, the U.S. Labor Department states that workers who were asked to repay unemployment benefits received through the CARES Act might be able to get a refund, although it ...