Gross Income Vs Taxable Income
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Question: Taxable wages vs. non taxable wages and federal withholding there then not there?
I have a chart that shows all my deductions for state federal and city. than i have a small chart under it that has my gross income for federal state and local and the same # for yearly in all those squares exce[t the yearly gross income. What does that mean? does that mean im suppose to get all my money back in a return because my city has no return on hourly employees.
This is a bit confusing
and 2nd question last onth i had federal tax and this month i dont will i ow money for this month or do i have a return for lst month for overpaying? why did this happen (i did have 2 paychecks in one for last month is that why?)
oh come on. The issue is easy i had taxes taken out like everyone (fe. state cty) but on a small chart on my stub it says my gross income on everyline as if i dont have to pay any Taxable Income (possible because of my very low income) but how is that possible if my city doesnt do tax exemptions for hourly workers
got it?Answer: Consult an accountant or tax attorney. You haven’t clearly explained the issue here.
Turning hobby into business means tax breaks
Does your hobby make money? Turning it into a business could provide tax advantages.
Alan Grayson on Unemployment Insurance and Jobs (2010)
