'Itemized deductions' diaporamas de présentation

CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAM Income Tax Planning

CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAM Income Tax Planning. Final Review Questions. Information Provided (2014). Personal exemptions are $3,950. Standard deduction amounts are: Single: $6,200 Head of household: $9,100 Married filing jointly: $12,400

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One Day Returning Counselor Training

One Day Returning Counselor Training. DEDUCTIONS/CREDITS. Page F-6. $5,950 2012. $11,900 2012. $8,700 2012. Page F-7. Arizona Standard Deductions. Federal. $4833. $5950. $11,900. $9665. $8,700. $9664. $4833. Itemized Deductions. Page 4-2. Sales Tax Worksheet.

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CHAPTER 3: MANAGING YOUR TAXES

CHAPTER 3: MANAGING YOUR TAXES . Principles of Federal Income Taxes. Typical American family pays more than one-third of its gross income in various types of taxes. Internal Revenue Service (IRS) is responsible for the administration and enforcement of federal tax laws.

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CHAPTER 5

CHAPTER 5. Itemized Deductions and Other Incentives. Objective. Understand the nature and treatment of itemized deductions. Itemized Deductions (Schedule A). Itemized deductions are generally personal expenses If itemized deductions exceed standard deductions, use that number

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Income Taxation By Atty. Tony Ligon

Income Taxation By Atty. Tony Ligon. What is Income? Realized profit or gains Inflow of wealth to the taxpayer whether as payment for services, interest or profit from investment. Not a mere return of capital. Elements of Imposition of Income Tax:. Gain or profit

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Federal Update on Higher Education Issues Higher Education Government Relations Conference December 3, 2009

Federal Update on Higher Education Issues Higher Education Government Relations Conference December 3, 2009 Bob Moran, AASCU Jim Hermes, AACC Jennifer Poulakidas , APLU Brian Flahaven , CASE American Recovery and Reinvestment Act State Fiscal Stabilization Fund ($53.6) $5 billion to ED

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2010 Significant Tax Law Changes

2010 Significant Tax Law Changes. March 12, 2011. Major Tax Legislation. HIRE Act Hiring Incentives to Restore Employment Act of 2010 enacted March 18, 2010 2010 Jobs Act Small Business Jobs Act of 2010 enacted September 27, 2010 2010 Tax Relief Act

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CHAPTER 4

CHAPTER 4. Self-Employed and Employee Expenses. Objective. Understand the difference between deductions for AGI and deductions from AGI. For versus From Deductions. Deductions for are those taken to arrive at adjusted gross income (AGI) Self-employment expenses

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Chapter 7 Overview of Deductions and Losses

Chapter 7 Overview of Deductions and Losses Deductions Authorized by General Sections of the IRC Positive Criteria (general allowance of ded.): Sec. 162: Expenses of carrying on a T/B Sec. 212: Expenses for production of income Sec. 165: Losses Sec. 172: NOL

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University of New Haven Professional Enrichment Program

University of New Haven Professional Enrichment Program. Who's FICA, and How Come He Gets Part of My Paycheck?. Paul A. Caiafa, CPA, MST April 26, 2007. My Objectives. Explain a progressive tax system.

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Lesson 12

Lesson 12. Paying Your Taxes. Key Terms. 1040EZ 1099INT 1099MISC FICA Gross Income Income Tax Standard Deduction. Tax Audit Tax Deduction Tax Exemption Tax Refund Tax Table W-2 W-4. Taxes. Money taken from your paycheck by the government to pay for government services

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Chapter 4 Lecture 3

Chapter 4 Lecture 3. Tax Planning and Strategies. Individual Income Tax Formula. Total Income (everything received) - Exclusions/Tax-exempt Income_______________ = Gross income (GI) - Adjustments______________________________ = Adjusted Gross Income (AGI)

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Michael Ettlinger Vice President, Economic Policy Center for American Progress

Michael Ettlinger Vice President, Economic Policy Center for American Progress. 1. Full balance in 2030. Primary balance in 2015. 2. 3. Budgeting for Growth and Prosperity: A Long-term Plan to Balance the Budget, Grow the Economy, and Strengthen the Middle Class

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Taxable Income Formula for Individuals

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Taxes & the IRS

Taxes & the IRS. 3. F. E. Foundation for Financial Education. www.f3eonline.org | info @f3eonline.org | 240-499-0390. 3 Types. Turbo Tax Tax Preparers Tax Advisors. 3 Types. Turbo Tax Tax Preparers Tax Advisors. TAX TABLE. Tax Planning for Estate. Revocable Living Trust

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Personal Income Tax

Personal Income Tax . Two rates: 2.75% up to $28,000 single/ $56,000 joint; 6.5% above those levels Standard deduction of $22,500 single/ $45,000 joint Itemized deductions for mortgage interest, property tax, and charitable contributions. Personal Income Tax Change by AGI Class.

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Chapter 45

Chapter 45. The Alternative Minimum Tax. Alternative Minimum Tax (AMT). Some provisions of the Code are tax preferences that can be utilized disproportionately by high income persons

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WILL TAXATION EVER END?

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