FIND THE ANSWERS
tax on $1000 scratch off--ky?
Free e-mail watchdog
Answer this question
tax on $1000 scratch off--ky?
Answer for question:
| 23/12 2013 02:40
The $500 in losses won't change anything. Your taxable income is $8000 and your tax bill will be around $190.
| 23/12 2013 04:17
1000 of UNEARNED income that you did not have to work for to earn. And your 500 losing tickets will not mean any thing at all at this time in your life. You would have to be able to qualify to use the schedule A itemized deductions form for this purpose and time in your life. 10% of the amount that is over 6100 for the tax year 2013 during the 2014 tax filing season. Could be around 190 for your FIT liability amount that you would owe during the 2014 tax filing season when you would correctly fill out your 2013 1040 FIT return at that time. Hope that you find the above enclosed information useful. 12/23/2013
| 23/12 2013 08:33
you are claimed as a dependent, you have income of $8000, your non taxable income is $6100, thus $1900 is taxable, about $200 income tax your losses can only be claimed if you are using Sch A and there is no way you can do that
| 23/12 2013 13:02
Forget the losing tickets, they'll do nothing for you, for several reasons. If you are not a dependent, you're under the limit to owe tax so will owe nothing on the scratch-off win. If you're a dependent, figure $100 federal income tax on the ticket.
| 23/12 2013 21:42
You're not taxed on the $1000. You're taxed on the total of the other income ("under $7000") plus the $1000 minus your choice of either the losing tickets or the standard deduction. Since the standard deduction is usually more than $500, you'll probably do better if you don't claim the losing tickets. If your parents can claim you as a dependent, and you claim the losing tickets, then you'd be taxed on roughly $7000 (under $7000 plus $1000 minus around $500), and the tax rate would be 10%, so you'd be taxed roughly $700. If your parents can claim you as a dependent, and you claim the losing tickets, then you'd be taxed on roughly $7000 (under $7000 plus $1000 minus around $500), and the tax rate would be 10%, so you'd be taxed roughly $700. If your parents can't claim you as a dependent, and you don't claim the losing tickets, then you probably won't be taxed at all. I haven't done the math yet for the other two possibilities (your parents can claim you and you don't claim the losing tickets, or you claim the losing tickets and your parents can't claim you).
10X entry to win 100,000.00
The dog's harness that is intended to hold it back is made of heavy nylon straps
PCH To Claim my 10X Entries To Win $100,000.00! Today 20 May 2018. RG
How do you down load songs from you tube
WhT is the answer for 10x entries to win $10,000.00?
PCH, ID, # 02529592749.
My wife will walk the gutters filters I can't get on the ladder anymore I'm too wobbly for that but thank you how the da...
I want to tell you people thanks a lot for everything you done to help me show me different ways and it really helped th...
Did your people buy a medal garage the man called me and told me he let me have one for $9,000 he didn't say anything ab...
Probably as bad as it had been for any people living in those days. 1547-1553 . Poor people have always been living on t...
Login to your account
Create new account
Would you live in Flagstaff . Az if given the opportunity or the Phoenix area?
Is Miami worth living in if you aren't Latino or can't speak Spanish?
A couple of years ago I went on vacation to Hawaii and bought an authentic Louis Vuitton from a LV store in Honolulu, Ohau Hawaii.?
Where do you like to gamble at Las Vegas?
Is there any host farms in Iowa a place to work as volunteer for 3 months where you get a room and free meals and two days off ?
Weknowtheanswer.com © 2014. All rights reserved.