Ads
related to: complete list of tax deductible itemsStellar Choice For Taxpayers - TopTenReviews
TaxAct is user-friendly, and very affordable - Doughroller
countyinfo.hoursguide.com has been visited by 1M+ users in the past month
Search results
Results from the WOW.Com Content Network
Chiropractic services, vasectomies and more: The IRS' list of tax-deductible medical expenses is fairly comprehensive. If you think the expense qualifies, do some research. If you think the ...
Deductions are items that are subtracted from taxable income, thereby reducing the tax liability. [12] For organizations, most expenses specifically identified with business tasks are deductible . Examples of tax deductions include mortgage interests, student loan interest, contributions to saving plans for retirement etc.
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
In the US, withholding by employers of tax on wages is required by the federal, most state, and some local governments. Taxes withheld include federal income tax, [3] Social Security and Medicare taxes, [4] state income tax, and certain other levies by a few states.
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries.
Direct tax is a tax paid by a person, as opposed to a tax levied on a business that the person indirectly pays. Double taxation is when a tax is paid twice on the same income or item. Indirect tax is a tax collected by an intermediary (such as a store) on behalf of the person who actually is required to pay (such as a customer)
Ads
related to: complete list of tax deductible itemsStellar Choice For Taxpayers - TopTenReviews
TaxAct is user-friendly, and very affordable - Doughroller
countyinfo.hoursguide.com has been visited by 1M+ users in the past month