Can I deduct NY state income tax on federal return?
143819
If you itemize your deductions, then your state taxes are deductible from your federal taxes.  Other common large deductions include real estate or property tax, interest on home mortgages, and (if you don't make too much money) the interest on student loans.
674897
YOU SHOULD BE ABLE TO, IF YOU GIVE IT TO A ORGANIZATION CAPABLE OF GIVING YOU A TAX DEDUCTION. YOU CANT DONATE IT TO YOUR WIFE OR CHILDREN, OR EVEN A HOMELESS GUY ON THE STREET AND EXPECT TO DEDUCT IT. YOU ALSO NEED TO MAKE SURE THAT YOU WILL HAVE ENOUGH DEDUCTIONS TO ITEMIZE. IF NOT, THEN IT WONT BE BENEFICIAL FOR YOU TO DONATE THEM TAX WISE.
114847
No, you don't have to claim this as income, but you also cannot claim child care expenses as a deduction.  You have already gotten this money tax free so you can't deduct it again.
415172
For Federal stuff, it's easy.  Just look up the amounts in the Circular E from the IRS for this year.\n\nhttp://www.irs.gov/pub/irs-pdf/p15.pdf\n\nIn case you don't see it, you have to withhold 6.2% for OASDi and 1.4% for Medicare as well so long as they have not met the wage based limit for 2006 yet.\n\nFor State taxes, you'll have to look and find out what taxes you need to withhold, and at what rate.
1078809
I'm only answering because the first answerer couldn't be more wrong.\n\nGet tax software (like TaxCut) and do your taxes. It shows you everything that you can deduct. Alternatively you could go through IRS publications on the IRS website.
181124
Here's the link to NY Department of Taxation, where you can check the status of your refund:
19710
Actually, you need to include the recovery amount as part of your gross income the year you got them.\n\nFor instance, you got 2001 taxable year state refund in 2004.  You need to include the 2001 state refund (part or all) in the tax year 2004.\n\nAnyhow, you should have got a 1099-G in the year 2004.\n\nOf course, Pub 525 tells you how to determine what is the correct amount of recovery. \n\nI received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?\n\nIf you did not itemize your deductions on your Federal tax return for the same year as the state or local tax refund applies to, do not report any of the refund as income. \n\nIf you itemized deductions on your Federal tax return for 2003, and received a refund of state or local taxes in 2004, you may have to include all or part of the refund as income on your 2004 tax return. Report your taxable State or Local Refunds on Form 1040, Line 10. You cannot use Form 1040A or 1040EZ. Refer to Tax Topic 405, Refund of State and Local Taxes , and Publication 525 , Taxable and Nontaxable Income , for further information.
251549
For NY purposes, you may have a different withholding exemptions from federal if you prefer.  Your employer will be required to withhold New York income taxes during your job, but will either base on the W-4 Form or the NY equivelant of the W-4 Form (IT-2104).  \n\nOn the Form IT-2104, you would be able to designate the number of allowances you want to have.  However, if you have more than 14 allowances your employer is required to send the Form to the state.\n\nSay hi to the Statue of Liberty for me!!
946527
If you are asking about the money that the friend or family member lended you, I don't think there would be a tax consequence unless they asked for one when they loaned you the money.  Otherwise, I would look up New York State's government website and see what they have to say about loans and the taxation on that.  Good luck!
321143
Yes, you must file a state return unless you live and work in a state that does not have state income taxes. Those states are Alaska, Florida, Nevada, New Hampshire, South Dakota, Texas, Washington, and Wyoming. Otherwise...your stuck.
1139399
it's not required but many people opt to do it. generally if you itemized, it's best to attach the schedule A(itemized deduction sheet), to the state return to show deductions, should they have any questions. oftentimes a taxpayer's return can get held up in the system if deductions look questionable.
238727
The free return is only for the Federal Income Tax Return.  If you want to file your state return electronically, you'll have to pay extra for it.
304713
http://www.tax.state.ny.us/pdf/2005/fillin/inc/it201_2005_fill_in.pdf
214799
if you claim 0 they will take out  60.25 in fed tax. If you claim 1 they will deduct 50.73 in fed tax. IRS.GOV PUB 15 in the back are the tables
273441
You have to go to your states department of revenue or taxation site.  State refunds are seperate from federal refunds. Each state maintains their own tax refund.\n\nirs.gov deals with all federal refunds only.
165858
If you are selling to out-of-state customers, the customers are responsible for their own sales tax.\n\nYou do have to collect tax for New York residents.\n\nTo be sure, check New York State Publication 750 at the address below.
313836
You should deduct 6.2% for social security purposes and another 1.45% for Medicare taxes.  As for federal income tax, you would deduct approximately 25% for a grand total of 32.65% for Federal purposes.  Depending on your state, your state income tax rate could be anywhere between 0% to 9%.