Q. If the city is work in has a 2.5% tax rate and the city is live in has a 2% tax rate but offers a 60% credit do i still owe them taxes?
A. Generally, Yes. 60...
Q.Shouldn't TT have asked for this documentation whenever a 1099-Q is entered?
A. There is no way to include documentation, for most tax issues, with an e-filed...
Q. Something is wrong bc other guys I work with didn't have to pay a full compliment of state taxes to BOTH Indiana & Kentucky. Right?
A. Yes. You should not ev...
To see if you claimed the Child Tax Credit, look at lines 19 and 28 of form 1040.
The child tax credit (CTC) is limited to your tax liability. The CTC is a non...
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