For the individual taxpayer that is filing the 1040 federal income tax return does NOT get a deduction for the FICA (social security and medicare taxes) that are withheld from the taxpayers earnings for the year.
If you have more than one employer and your combined wages reported on your W-2s are more than the 106800 amount and your withheld social security tax amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2009 income tax return this year in 2010 or the 2010 tax return in the year 2011.
Assuming we are talking about filing federal income tax in the US...No, you don't have to file a joint tax return, but you will probably pay more taxes or lose some tax credits if you file separately.When is it a good idea to file separately? If you think your spouse is evading taxes and you may be liable if you file a joint return, then you should file separately.
FICA taxes, which include Social Security and Medicare taxes, are withheld from earnings in most cases. They are not deductible on a federal tax return. You will only see some of that money again when you collect Social Security or Medicare.
FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wage considerations in many ways, (it has a top limit of about 97.5K, how pension contributions factored, State taxes, etc.). If you are an employee, the employer MUST pay half of the contribution. If your self - employed, the amount normally paid by the employer is collected through something called the "self employment tax" when you file your income tax return.
FICA tax, Futa and Suta taxes
If you are a dependent on another taxpayer's income tax return and you have 950 or more of unearned income you would be required to file a income tax return.
employers pay the fica tax
Assuming we are talking about filing federal income tax in the US...No, you don't have to file a joint tax return, but you will probably pay more taxes or lose some tax credits if you file separately.When is it a good idea to file separately? If you think your spouse is evading taxes and you may be liable if you file a joint return, then you should file separately.
FICA taxes, which include Social Security and Medicare taxes, are withheld from earnings in most cases. They are not deductible on a federal tax return. You will only see some of that money again when you collect Social Security or Medicare.
FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wage considerations in many ways, (it has a top limit of about 97.5K, how pension contributions factored, State taxes, etc.). If you are an employee, the employer MUST pay half of the contribution. If your self - employed, the amount normally paid by the employer is collected through something called the "self employment tax" when you file your income tax return.
FICA tax, Futa and Suta taxes
If they paid taxes, they can file a tax return and, provided they are eligible, receive a tax refund.
You can't file your taxes without a W-2, until attempts to get it have failed, and you then complete Form 4852, Substitute for Form W-2.Some tax preparation companies sell loans that are based on your final paystub. They will subsequently file your income tax return using your W-2s, and collect the loan from your refund.
1935-1939
i have a w2 with florida taxes taken out,do i fle this with florida
The estate does have to file a tax return with the IRS. It is responsible for income tax and estate taxes
If you are a dependent on another taxpayer's income tax return and you have 950 or more of unearned income you would be required to file a income tax return.
This site has all the answers!http://www.finweb.com/taxes/llc-tax-return-the-forms-you-need-to-file.html