What is the maximum investment income a taxpayer is allowed to have and still be allowed to claim the earned income credit?$ Why is there an investment income limit in the tax law regarding the credit? The earned income credit is meant to assist

What is the tax rate range for Social Security benefits received? How is the deductible amount of personal property tax figured for personal vehicles? Remember, the tax must be calculated based on the vehicle’s value (not its weight) in order to be deducted.  Are donations of time and services deductible? What types of state and local taxes are deductible as itemized deductions on Schedule A?

. What is the 'low income tax offset' (LITO)? What is the maximum LITO amount payable toeligible taxpayers?   PLEASE PUT 3 REFERENCES

Why is the income tax payable not the same as income tax expense?

What are some ways taxpayers can stay up to date on the federal, state and local tax laws applicable to them?

FICA, a tax that every employer must pay has two parts. What are they? List them:

Discuss actions a taxpayer can take if it is anticipated that his income taxes will be substantially underpaid in order to minimize penalties.

Enzo is preparing a client's return. The taxpayer is claiming the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and the American Opportunity Tax Credit (AOTC). Which of the following best describes the actions Enzo must take to substantiate the taxpayer's eligibility for the credits?

Which of the following is a deductible expense for an individual taxpayer? A) Rent payments for personal use B) Mortgage interest on a vacation home C) Childcare expenses while working D) Personal clothing purchases

Can you explain the difference between a deferred tax asset, a tax receivable, and a prepaid tax account?