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Form 1040 - Schedule M Florida Hillsborough: What You Should Know

S. Federal Tax Return What are the tax breaks that a married individual filing a joint return would get? Married individuals filing joint returns generally cannot exclude from income certain amounts that they received, such as social security benefits paid to a spouse, as a result of being a survivor. How is state income tax withheld? For information on what your state's withholding rate is, see, Form W-2. You must tell your employer your withholding rate and the date that your tax is withheld. You also must disclose any interest income or wages from employment paid using a paycheck stub or electronic funds transfer (EFT), as well as any unreported income, such as unemployment taxes. What are the tax breaks that a married individual filing a separate return would get?  The same rules apply to married individuals filing separate tax returns as to married individuals filing jointly. However, the federal government imposes a 10 percent additional tax on some amounts in excess of a joint filing tax of 10 percent. (Note that this means that, for this same additional tax amount, you are being taxed 10 percent for being a spouse, and 15 percent for being married to both a separate filer and a joint filer.) When filing a separate return, what must you make certain about? A separate filer's filing status means he or she does not have the same Social Security number as a joint filer. If you have a Social Security number, you cannot add that person to your tax return. If, on the other hand, you and your spouse receive Social Security benefits, you must make sure to include a statement listing the date and amount of the benefits and what amount you received. In addition, you may be able to claim a credit for taxes paid to other states. What are the tax breaks that a married individual filing a separate return would get? Married filing separately generally does not have to report or pay any state income tax on his or her gross income. He or she must make certain claims to claim these tax breaks. How is state income tax withheld? For information on what your state's withholding rate is, see, Form W-2. You must tell your employer your withholding rate and the date that your tax is withheld. You also must disclose any interest income or wages from employment paid using a paycheck stub or electronic funds transfer (EFT), as well as any unreported income, such as unemployment taxes.

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