Search results
Results From The WOW.Com Content Network
For 2009, the personal income tax exemption amount is $3,650. That's per person, not per family. That amount applies so long as your adjusted gross income (AGI) falls under the phaseout amount.
In July 2013, McCrory signed tax reform legislation that created a modified flat-tax system for the state by specifying a single income-tax rate and a larger standard deduction but eliminating the personal exemption. It also repealed North Carolina's estate tax. [82] In August 2013, McCrory signed into law the Regulatory Reform Act of 2013.
Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations. The personal ...
As you fill out your federal income tax return, even before you report your income, the IRS asks you to list your personal exemptions. It's important not to skip this step -- exemptions reduce ...
Taxable income is gross income less exemptions, deductions, and personal exemptions. Gross income includes "all income from whatever source". Certain income, however, is subject to tax exemption at the federal or state levels. This income is reduced by tax deductions including most business and some nonbusiness expenses.
Consumer advocates had hoped that auto dealers would be included in pending legislation to create a new consumer watchdog agency. But a grassroots effort pushed by dealers and their leading ...
As of April 2012, North Carolina stood to "lose $414 million in federal funding" over conflicts with the federal government on the regulations for allocating funding for personal care services. The North Carolina Association of Long Term Care Facilities asserted that if the conflicts were not resolved, "30,000 people could be 'put out on the ...
(The Center Square) – Federal legislation passing the U.S. House of Representatives on Tuesday has mirror language to North Carolina’s Fairness in Women’s Sports Act that became law on Aug ...