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alacran
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[*] posted on 4-15-2016 at 03:32 PM
TAXES,help


Could someone tell me the maximum amount that is deductible for single, and single household.
Also what is the maximum allowable income before have to declare taxes,

Thanks for the help.
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SFandH
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[*] posted on 4-15-2016 at 03:56 PM


Gee, I guess it is April 15th isn't it.

Start here to see if you need to file:

https://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F

In general, http://www.irs.gov will answer your questions.
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mtgoat666
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[*] posted on 4-15-2016 at 04:19 PM


Quote: Originally posted by alacran  
Could someone tell me the maximum amount that is deductible for single, and single household.
Also what is the maximum allowable income before have to declare taxes,

Thanks for the help.


The answer is always 2. No matter what the question is, the answer is always 2.






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Bajahowodd
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[*] posted on 4-15-2016 at 04:55 PM


Assuming that this is about US tax filing, why is it on this forum?
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SFandH
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[*] posted on 4-15-2016 at 04:59 PM


Quote: Originally posted by Bajahowodd  
Assuming that this is about US tax filing, why is it on this forum?


Because nomad alacran's location is mulege? Good enough reason for me.
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alacran
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[*] posted on 4-15-2016 at 05:43 PM


Because I believe it is an American forum, and some of us live in Mexico. and still have or have not to file American taxes.

Thank you for your NO help.
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Bob and Susan
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[*] posted on 4-15-2016 at 06:49 PM


https://www.turbotax.com/





our website is:
http://www.mulege.org
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alacran
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[*] posted on 4-15-2016 at 07:06 PM


Thank you all your answers, I was thinking that somebody knew the answer to my simp'le 2 questions.

I ques we are all ignorant to our (American) tax laws.
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bajaguy
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[*] posted on 4-15-2016 at 07:13 PM


Maybe this might help:

http://taxfoundation.org/article/2015-tax-brackets


Quote: Originally posted by alacran  
Could someone tell me the maximum amount that is deductible for single, and single household.
Also what is the maximum allowable income before have to declare taxes,

Thanks for the help.
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Udo
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[*] posted on 4-15-2016 at 07:14 PM


:bounce:



Udo

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BajaBreak
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[*] posted on 4-15-2016 at 08:31 PM


Standard deduction: 6,300
Standard Exemption: 4,000

If your Adjusted Gross Income is less than those amounts combined, then you would get all of your paid federal taxes back. So, I believe, if you made anything above that, then you would need to file, if you received 1099's or other income.

Sorry, just trying to be of some actual help...

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alacran
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[*] posted on 4-15-2016 at 10:01 PM


Baja Break, thank you for a good answer.
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durrelllrobert
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[*] posted on 4-16-2016 at 09:37 AM


Quote: Originally posted by Bob and Susan  
https://www.turbotax.com/



can't use this or any other efile sites if you have to attcah a form 8962 (for obama care)




Bob Durrell
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SFandH
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[*] posted on 4-16-2016 at 10:18 AM


Quote: Originally posted by durrelllrobert  
Quote: Originally posted by Bob and Susan  
https://www.turbotax.com/



can't use this or any other efile sites if you have to attcah a form 8962 (for obama care)


this seems to indicate otherwise:

"Form 8962, Premium Tax Credit, is a form that you may be filing with your 2015 tax return. This form will be included in your return if you enrolled for 2015 health coverage through Healthcare.gov or your state’s Health Insurance Marketplace."

https://ttlc.intuit.com/questions/2592878-what-is-form-8962-...
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bledito
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[*] posted on 4-16-2016 at 02:22 PM


last I remember you have to file regardless of income. I think 7200 is the number for not having to pay any tax though a rather low income I would think
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SFandH
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[*] posted on 4-17-2016 at 09:01 AM


Quote: Originally posted by bledito  
last I remember you have to file regardless of income. I think 7200 is the number for not having to pay any tax though a rather low income I would think


That's not correct. Here's an easy to read chart showing whether or not you need to file.

http://www.efile.com/tax/do-i-need-to-file-a-tax-return/#inc...

Scroll down a bit.

[Edited on 4-17-2016 by SFandH]
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durrelllrobert
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[*] posted on 4-17-2016 at 11:28 AM


Quote: Originally posted by SFandH  
Quote: Originally posted by durrelllrobert  
Quote: Originally posted by Bob and Susan  
https://www.turbotax.com/



can't use this or any other efile sites if you have to attcah a form 8962 (for obama care)


this seems to indicate otherwise:

"Form 8962, Premium Tax Credit, is a form that you may be filing with your 2015 tax return. This form will be included in your return if you enrolled for 2015 health coverage through Healthcare.gov or your state’s Health Insurance Marketplace."

https://ttlc.intuit.com/questions/2592878-what-is-form-8962-...
Whoops, you are correct unless you are using form 1040 EZ



Bob Durrell
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alacran
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[*] posted on 4-17-2016 at 01:03 PM


Thank you to all Nomads, that responded to my inquiry.
I have all the info. I needed.
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