What are average federal taxes in Illinois on 57000 dollars?

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How do you deduct property tax payments from your federal income taxes in a year when you both sold and bought property in Illinois?

Answer . For the property you sold, you may have property taxes you already paid that year before the sale. Additionally, you will give the buyer a credit for property taxes accrued up to the date of the sale. Deduct both of these amounts.. For the property you purchased, you may pay property ta (MORE)

How much in taxes is owed on a nine million dollar lottery prize in the state of Illinois?

\n. \n Answer \n. \n. \nHere I heard it's 45% for lump sum plus 18% for state and city taxes....around 63% GIVE OR TAKE\n. \n. \n Answer \n. \nEvery time this Q comes up it seems people want to make it much more difficult than it is.\n. \nLottery winnings are treated like any other (MORE)

Who has to file income taxes in Illinois?

Anyone with any income, or even without an income can file. You are required to file Federal taxes if you made more than $1,800. Illinois requires anyone that earns or receives income in the state to file state taxes.

Sales tax in Illinois?

The Illinois (IL) state sales tax rate is currently 6.25%.Depending on local municipalities, the total tax rate can be ashigh as 11%.

Do you pay tax on labor in Illinois?

There is currently no state tax on labor in Illinois. But beware legislation being introduced to help make up for the deficit spending currently occurring. The failed gross receipts tax is one example of what they were trying to pass. Check with your local city and county government to see if there (MORE)

What is the percentage of federal taxes withheld from the average gross income?

On average, almost 50% of workers actually don't pay any tax. So averages mean very little...and less when it involves taxable income. . It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not b (MORE)

In Illinois what is the sales tax on motorcycles?

In the state of Illinois, tax on motorcycles or ATVs that cost less than $15,000 is $25, per Illinois Department of Revenue document "STS-76/RUT-50 Vehicle Use Tax Chart for 2008 " I am not sure that is 100% accurate...I believe that only applies to a used bike....when I bought a brand new sco (MORE)

What is the value of a 1929 20 dollar bill from the federal reserve bank of Chicago Illinois and the number on the front is G01279930A?

The bill should have a brown seal, indicating that it is a National Currency note. Despite its age, current values are only in the range $25.-$35. depending on how worn it is. Please note that a bill's serial number doesn't normally affect its value or help to ID it. A serial number is just a cou (MORE)

Made 57000 cash money last year with no taxes taken out How much taxes will you owe?

I am always astounded that people ask questions of this variety... Do you really think that's all there is to it? Much more goes into any tax determination. You must have seen are all those companies and software sellers advertising programs, etc, etc that do this - calculate tax and prepare returns (MORE)

How much federal tax would be taken out of a 1300 dollar paycheck?

2600.00 ans It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax (MORE)

Inheritance tax in Illinois?

Illinois does not have an inheritance tax like some states (New Jersey, for example) do. However, people often confuse the concept of an inheritance tax with the concept of an estate tax. Illinois does have an estate tax. See: http://www.finance.cch.com/pops/c50s15d170_IL.asp

What is state tax and a federal tax?

The United States has several levels of government. The main national government that has jurisdiction over the entire country is known as the federal government. Most of the United States is divided into smaller political subdivisions called "states." Examples of states are Florida, Californi (MORE)

What states receive more federal tax dollars than they pay in?

The latest numbers I can find are from The Tax Foundation: http://www.taxfoundation.org/press/show/22659.html 33 states and the District of Columbia get back more Federal tax dollars than they pay in. Ironically, considering the Republican Party champions low taxes and cutting Federal taxes, 21 (MORE)

How much do you take home per month after taxes if you make 57000 per year?

The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your emplo (MORE)

How much do you take home after taxes if you make 57000 per year?

57000 gross income for the year your employer payroll department would be the only one that would know how they were required to withhold for all of the taxes and other amounts out of your 57000 gross amount for the year. Your employer payroll department should be able to help you determine the net (MORE)

How much federal taxes due on 2500.00 in Illinois?

If the 2500 is income from an employer and you are an employee and will receive a W-2 form for the 2500 amount and you do not have any other worldwide income to be reported on your federal 1040 tax return then you would not have any federal income tax liability for the tax year 2009 when you file th (MORE)

What is the real estate tax in Illinois?

The Illinois constitution mandates property taxes. All property in Illinois is supposed to be taxed on an assessed value of 1/3 of the fair cash value. Once the value is established, then in all counties except Cook (where Chicago is), property is supposed to have an assessed value of 1/3 of the fai (MORE)

Is every dollar earned supposed to have federal taxes taken out?

The government taxes you based on your total amount of income and they then place you in a group/class and from that they may tax let's say 40% for being in the middle class range you can look at it as for every dollar you make the government takes 40 cents, but as everyone knows there are tax refun (MORE)

Your federal tax return was taken by Illinois student assitance comission?

In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencie (MORE)

Can you get an extension for your Illinois state taxes?

You should be able to get the extension form if one is necessary from the Illinois state tax department web site. You may even be able to fill the form out and efile the form online after you have completed the extension form correctly.

How do you determine Federal taxes due upon taking a normal distribution from an indexed equity IRA that you funded with IRAs which you purchased with after tax dollars?

The same way as any other distributions from your IRA accounts using the information from the 1099-R Gross amount and taxable amount and the taxable amount is added to all of your gross income and taxed at your marginal tax rate. When you have an IRA with after income tax dollars you are supposed to (MORE)

What kind of tax is a federal tax?

Fed tax is a form of progressive(Tax by which the rate of tax increases as the taxable base amount increases ) and direc tax( a tax paid directly to the government by the persons on whom it is imposed).

Is your federal tax bracket your average tax rate?

No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.

What types of taxes are federal taxes?

Federal taxes are paid to the federal government. There are many different ones; in the transportation business income tax, Social Security tax, unemployment tax, fuel tax, road tax and federal excise tax are the most important.

How much federal tax does the average tax payer pay?

Every taxpayer has different situations and information that is reported on the 1040 income tax return so this would depend on which taxpayer it is that YOU call the AVERAGE TAXPAYER. The taxpayer that does not have any taxable income page 2 line 43 of the federal 1040 income tax return once the t (MORE)

How much federal tax is taken out of 2000 dollars?

You do not have a set percentage amount for this purpose. For the tax year 2010 the social security and medicare tax is withheld by your employer payroll department from your first dollar of your gross earnings at the 7.65% rate. The 7.65% amount is matched by your employer for a total of 15.3% co (MORE)

What is the value of a 1934 A US 10 dollar Federal Reserve Note made in Chicago Illinois?

Your bill was actually printed in Washington DC. Please see thequestion "What is the value of a 1934 A US 10 dollar FederalReserve Note?" for more information. The cities shown on Federal Reserve Notes are the locations of theFederal Reserve Bank that requested and distributed the bills, notwhere t (MORE)

Is a federal tax refund taxed?

No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.

What is the average tax refund from federal taxes?

The IRS web site shows recent averages, $2,913 in 2011, for example but the average is meaningless. To start with people who would get a small refund don't bother because it will cost more to have a tax professional help them with the confusing tangle of forms and details than they'll get back. The (MORE)

Which states receive more federal dollars than they pay in taxes?

As of 2013, 36 of the 50 states in the United States of America receive more money from the federal government than they pay to the government in taxes. Some states that receive more back include Florida, Texas, and Maine. Ohio, California, and Texas do not fall under this umbrella.

How much will you owe in taxes on 57000 annual income if you are single?

These figures are based on 2013 tax rates as the 2014 tax year has not yet ended and the new rates have not yet been released. If you are filing single with no dependents and claiming yourself as one exemption, your taxable income for federal income taxes would be $47,000. Your federal income tax wo (MORE)