The IRS Deductions Blog

Posts Tagged ‘2011’

Items on Amazon Right Now for Standard Deduction And Personal Exemption:

TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH…

How Will The Expiring Bush Tax Cuts Affect You?

Find out which expiring tax cuts might cost you money if Congress doesn’t extend them.

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Question: Can you send the IRS money directly without using payroll deduction?

This year we made some extra income via dividends and capital gains via stock sales. This led to a fairly substantial amount of extra income which threw our withholding off. We did try to estimate our tax to basically avoid a penalty for being underwithheld by using a company affiliated with the IRS (got to the company via the IRS website) to pay our estimated tax.

Answer: Yes just download the Estimated Tax Form and send in quarterly payments
Can be done for both the Federal and State. Properly can even do it online using an echeck

Items on Amazon Right Now for Tax Deduction Estimate:

Garmin nüvi 265W/265WT 4.3-Inch Widescreen Bluetooth Portable GPS Navigator with Traffic $135.00 …

Tax deductions: further estimates of taxpayers who may have overpaid federal taxes by not itemizing $14.13 Original publisher: Washington, D.C. : U.S. General Accounting Office, [2002] OCLC Number: (OCoLC)53404373 Subject: Income tax deductions — United States. Excerpt: … Appendix: Methodology for Estimating the Number of Returns on Which Taxpayers Overpaid Taxes by Not Itemizing Deductions income class and imputed this class average to each nonitemizer in the same income class in the SOI sample…

Treatment of certain reimbursed flight training expenses : report (to accompany H.R. 1168) (including cost estimate of the Congressional Budget Office) (SuDoc Y 1.1/8:102-693) …

Who benefits from marriage penalty and child tax credit relief in H.R. 6: Estimates by state and congressional district (Report of the Heritage Center for Data Analysis) On March 29, the U.S. House of Representatives passed H.R. 6, the Marriage Penalty and Family Tax Relief Act of 2001, by a vote of 282-144. The legislation, sponsored by Representative Jerry Weller (R-IL), proposes tax relief for millions of American families by alleviating part of the marriage penalty and expanding the child tax credit in the current Internal Revenue Code. The Senate is expected …

Just Energy Reports Fiscal 2010 Results

TORONTO, ONTARIO–(Marketwire – 05/20/10) – Just Energy Income Fund (TSX: JE.UN – News ) – Highlights for the year ended March 31, 2010 included: — Customer base reached 2,293,000 RCEs, up 28% year over year. Gross additions through marketing (excluding acquired customers) were 505,000 up 36% from 372,000 in fiscal 2009, and up from 313,000 in fiscal 2008. — Net customer additions through …

Child Tax Credit Amount Calculator 2009, 2010