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#21
03-13-2005, 10:37 PM
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 Re: deduct federal income tax Gene E. Utterback, EA wrote: - quote - > "Victor Roberts" <xxx[at]lighting-research.com> wrote:
California capped out at 11% in the early 1990's. That's where "Gray-out> > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote: > > > Some states may allow a deduction for federal taxes. > > I didn't know this. Can you give an example. I might want to > > move there :-) > Montana - BUT, Montana also has the highest individual tax > bracket I've seen. It caps out at 11%!!!! Davis" got the surplus he blew on electricity for the state that caused his recall, leaving us with Arnold. There's currently a bill, "AB 6," in the CA legislature this term that will return the 11% - but with Prop 63's 1% surcharge for medical research that passed in November 2004, that may create a 12% bracket for those over $1M. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#20
03-09-2005, 08:03 PM
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| Re: deduct federal income tax Vic Dura <vpdura[at]XXXhiwaay.net> wrote: - quote - > Please don't invite anymore yankees (or anyone else for that
None taken - especially from someone else named Vic.> matter) here unless they are retired. > (no offence intended to Vic Roberts) -- Vic Roberts Replace xxx with vdr in e-mail address. --------------- Moderator: The correct spelling is damnyankees. --------------- << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#19
03-08-2005, 09:56 AM
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| Re: deduct federal income tax Harlan Lunsford <hlunsford[at]bellsouth.net> wrote: - quote - > Victor Roberts wrote:
Please don't invite anymore yankees (or anyone else for that> > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote: > > > Some states may allow a deduction for federal taxes. > > I didn't know this. Can you give an example. I might want to > > move there :-) > As that game show host once said, Vic: > "Come on .. dowwwwnnnn!" to Alabama that is. Deductions > are allowed for actual current year federal tax liability > (after credits and before other taxes) plus if one itemizes, > social security and self employment taxes. matter) here unless they are retired. (no offence intended to Vic Roberts) ---------------------------- Moderator: I am a Southerner by perspacasity. ---------------------------- -- To reply to me directly, remove the XXX characters from my email address. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#18
03-07-2005, 08:12 AM
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| Re: deduct federal income tax "Victor Roberts" <xxx[at]lighting-research.com> wrote: - quote - > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote:
Montana - BUT, Montana also has the highest individual tax> > Some states may allow a deduction for federal taxes. > I didn't know this. Can you give an example. I might want to > move there :-) bracket I've seen. It caps out at 11%!!!! Gene E. Utterback, EA, RFC Moderator: If you go to Montana, go to the Bitterroot Valley or buy a huge snow plow. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#17
03-07-2005, 07:34 AM
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| Re: deduct federal income tax Victor Roberts wrote: - quote - > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote:
As that game show host once said, Vic:> > Some states may allow a deduction for federal taxes. > I didn't know this. Can you give an example. I might want to > move there :-) "Come on .. dowwwwnnnn!" to Alabama that is. Deductions are allowed for actual current year federal tax liability (after credits and before other taxes) plus if one itemizes, social security and self employment taxes. ChEAr$, Harlan Lunsford, EA n LA Moderator: What enlightenment!!! What's the State tax rate? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#16
03-07-2005, 07:34 AM
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| Re: deduct federal income tax Victor Roberts wrote: - quote - > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote:
I don't do returns for any state that allows it. I have> > Some states may allow a deduction for federal taxes. > I didn't know this. Can you give an example. I might want to > move there :-) heard that some state in the midwest does (Kansas or Missouri, I think). It has been mentioned on this forum before. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#15
03-03-2005, 11:15 PM
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| Re: deduct federal income tax Victor Roberts <xxx[at]lighting-research.com> wrote: - quote - > D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote:
Iowa.> > Some states may allow a deduction for federal taxes. > I didn't know this. Can you give an example. I might want to > move there :-) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#14
03-03-2005, 07:28 AM
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| Re: deduct federal income tax D. Stussy wrote: - quote - > Jim wrote: > > Is the money I used to pay my Federal taxes for 2003 > > deductible from my 2004 Federal taxes? > No. > Some states may allow a deduction for federal taxes. Iowa and Montana are examples. There may be one or two others. For years beginning after 2004, the Montana deduction for individuals is limited to $5,000. Katie in San Diego The foregoing is intended for educational purposes only and does not constitute legal or professional advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#13
03-03-2005, 06:49 AM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
Jim, what do you think? - RM> deductible from my 2004 Federal taxes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#12
03-03-2005, 05:33 AM
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| Re: deduct federal income tax D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote: - quote - > Some states may allow a deduction for federal taxes.
I didn't know this. Can you give an example. I might want tomove there :-) -- Vic Roberts Replace xxx with vdr in e-mail address. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#11
03-03-2005, 05:14 AM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
NO (ROTFLOL)> deductible from my 2004 Federal taxes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#10
02-28-2005, 07:35 PM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
Federal taxes, no matter what year you pay them, are not> deductible from my 2004 Federal taxes? deductible on your federal tax return. Nor your state (at least not in Georgia). << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#9
02-28-2005, 07:35 PM
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| Re: deduct federal income tax - quote - > Is the money I used to pay my Federal taxes for 2003
No.> deductible from my 2004 Federal taxes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#8
02-28-2005, 07:35 PM
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| Re: deduct federal income tax "Jim" <jim[at]comcast.net> wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No. Federal income tax is never deductible on a federal> deductible from my 2004 Federal taxes? return. -- D.F. Manno dfm2a3l0t2[at]spymac.com "The work goes on, the cause endures, the hope still lives and the dream will never die." << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#7
02-28-2005, 06:57 PM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No.> deductible from my 2004 Federal taxes? Some states may allow a deduction for federal taxes. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
02-28-2005, 06:57 PM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No, not on your federal tax form.> deductible from my 2004 Federal taxes? Missy Doyle << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-28-2005, 06:57 PM
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| Re: deduct federal income tax "Jim" <jim[at]comcast.net> wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No.> deductible from my 2004 Federal taxes? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-28-2005, 06:38 PM
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| Re: deduct federal income tax Jim wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
Of course not.> deductible from my 2004 Federal taxes? -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-28-2005, 06:19 PM
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| Re: deduct federal income tax "Jim" <jim[at]comcast.net> wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No> deductible from my 2004 Federal taxes? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-28-2005, 06:00 PM
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| Re: deduct federal income tax Jim" <jim[at]comcast.net> wrote: - quote - > Is the money I used to pay my Federal taxes for 2003
No - but why not suggest that to your two senators and your> deductible from my 2004 Federal taxes? congressman. That would be the best tax law change of all :-) -- Vic Roberts Replace xxx with vdr in e-mail address. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduct, federal, income, tax |
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