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According to data from the Tax Foundation, 45 states and Washington, D.C. collect sales taxes. With state and local sales taxes at 9% or higher, Louisiana, Tennessee, Arkansas, Washington and ...
Repeal an extra 0.9 percent Medicare tax on wages above $200,000 for individuals and $250,000 for married couples. Repealing the tax would save higher income families $117 billion over the next decade. Repeal an annual fee on health providers based on market share. Repealing the tax would save health insurers $145 billion over the next decade.
A seller of a house or real estate pays excise taxes on the full sale price. The amount varies by county. In King and Snohomish counties, it is up to 1.78%. For example, selling a house for $500,000 will incur a tax of $8,900.
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.
It’s a federal benefit that allows you to exclude up to $250,000 of home sale gain from your income as a single taxpayer or $500,000 if you’re married and file a joint tax return.
Taxpayers who itemize may be able to use this deduction to the extent that their total medical and dental expenses, including health insurance premiums, exceed 7.5% of adjusted gross income. Self ...
A recent exception to this "state of being" principle is the "minimum essential coverage" tax under Internal Revenue Code section 5000A as enacted by the Patient Protection and Affordable Care Act (Public Law 111–148), whereby a tax penalty is imposed as an indirect tax on the condition of not having health insurance coverage; as reasoned by ...
Additional Tax-Deductible Health-Related Expenses. Whether or not you’re able to deduct your health insurance premiums, you may be able to deduct other eligible types of healthcare expenses.