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  2. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...

  3. Tax withholding in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding_in_the...

    Social Security tax is withheld from wages [9] at a flat rate of 6.2% (4.2% for 2011 and 2012 [10]). Wages paid above a fixed amount each year by any one employee are not subject to Social Security tax. For 2023, this wage maximum is $160,200. [11] Medicare tax of 1.45% is withheld from wages, with no maximum. [12] (This brings the total ...

  4. Do I need to file my taxes and where’s my refund? What you ...

    www.aol.com/file-taxes-where-refund-know...

    Here's everything you need to know about filing your 2023 tax return. Stressed? Don't know where to start? ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support ...

  5. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    Income tax for the individual for the year is generally determined upon filing a tax return after the end of the year. The amount withheld and paid by the employer to the government is applied as a prepayment of income taxes and is refundable if it exceeds the income tax liability determined on filing the tax return.

  6. Reasons You Might Not Get a Tax Refund This Year - AOL

    www.aol.com/finance/reasons-might-not-tax-refund...

    Many U.S. taxpayers will see a difference in their 2023 tax refunds due to the stop on pandemic-related benefits and relief by lawmakers. ... 800-290-4726 more ways to reach us. Sign in ...

  7. Here's how you should use your tax refund in 2023 - AOL

    www.aol.com/finance/heres-tax-refund-2023...

    If you've maxed out your 2022 IRA contributions, use the refund to get ahead on 2023's contributions. The max contribution for 2023 is $6,500, plus another $1,000 for those 50 or older.

  8. Taxes 2023: How To Prepare For a Disappointing Refund - AOL

    www.aol.com/taxes-2023-prepare-disappointing...

    Putting your tax refund into your investment portfolio can be helpful in getting caught up. Van Horn said in 2023, the 401(k) contribution limit is increasing to $22,500 and $6,500 for IRAs.

  9. Tax refund - Wikipedia

    en.wikipedia.org/wiki/Tax_refund

    In India, there is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15]

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