Welcome to Income Taxes Guide
2002 Income Taxes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Knowing Everything About Maryland Income Taxes
from:When it comes to those that live in Maryland to do their taxes, they must first know as well as have everything that they need to have in order to file their taxes.
When it is time for the Maryland income taxes to be filed, there are many things that people should know about them. The very first and most important thing to know about filing Maryland income taxes is the due date. Where as most other states have due dates of April 15th, Maryland has a due date of April 17th if you are filing on a normal calendar year. It is also the same as every other state meaning if the due date falls on a Saturday, Sunday, or legal holiday; the tax return will be filed in the next business day. Also, Maryland is a state that will allow those to have an extension if it is needed.
Also with the Maryland income taxes, what is a plus for many people is a low tax rate. The income tax rate is set at 4.75% which applies to the income of those that are and are not residents of Maryland. Also, those that are not residents are able to get a special nonresident tax rate of 1.25% in addition to the 4.75% to equal 6%.
Along with the income tax percentage rate, you can also have a variety of exemptions on your taxes as well. In fact, some of the exemptions you may have (if you qualify) are age and blindness, part-time residents or military and non residence. For every exemption you are qualified to receive, you are able to get $4200.
Also like many other states, in order to file Maryland income taxes, there are requirements that must be met. First off, in order to file Maryland income taxes you must be a resident of Maryland. Secondly, you must have an income that is equal to or larger than the minimum amount required, which is different for most people. When it comes to the filing requirement minimums, this is based solely on how you file- such as single, married, head of household, or as a widower, etc. However, the very minimum for any of those categories is $3,300- which is married but filing separately.
When it comes to the time of actually having to file your taxes, there are many things that must be considered. In fact, one of the very most things that you will want to consider is how you will want to file. You can either file using a filing booklet then mail it, or you can file through the computer over the internet. Because the world is becoming so fast paced, many people are choosing to e-file. Also when filing, you will have to know what forms you will need; which may vary from person to person! However, if you choose to e-file you will have the options to choose from and it will be done correctly!
2002 Income Taxes Specific Links
Luxury Reviews and Trends
- Discover incredible luxury travel, shopping, articles, videos and more...
-- http://www.justluxe.com/
Get Hired
- Earn more money with a better job now
-- http://www.hotjobs.com/
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
My Best Friend is My Penis: Ep 3
- Jon learns the hard way that sometimes three's a crowd. Watch the third episode on Atom.com
-- http://www.atom.com/
Free Tech and Gadget Reviews!
- Watch GeekBrief With Cali Lewis on Mevio!
-- http://www.geekbrief.mevio.com/
2002 Income Taxes News
Dos Gringos co-owner admits income-tax evasion - AZCentral.com
SCOTTSDALE - The co-owner of Dos Gringos Trailer Park, a Tempe bar and grill, recently pleaded guilty to one count of federal income-tax evasion. U.S. District Judge Frederick J. Martone is scheduled to sentence Peter S. Lebsock, 38, of Scottsdale ...
Read more...State needs to brace for tough fiscal times - Rocky Mountain News
The initial budget Gov. Bill Ritter recently presented to the legislature, which foresees growth in tax collections this fiscal year and in the one beginning July 1 of next year, will probably bear little resemblance to the measure that becomes law ...
Read more...One-Time Lawyer/CPA Indicted In Tax-Shelter Fraud Scheme - CNN Money
NEW YORK -(Dow Jones)- A one-time lawyer and certified public accountant has been indicted on criminal charges related to an allegedly fraudulent tax shelter that helped wealthy persons avoid paying more than $103 million in taxes. John B. Ohle III ...
Read more...2nd UPDATE: Lawyer Indicted In Tax-Shelter Fraud Scheme - CNN Money
NEW YORK -(Dow Jones)- A one-time lawyer and certified public accountant has been indicted on criminal charges related to an allegedly fraudulent tax shelter that helped wealthy persons avoid paying more than $103 million in taxes. John B. Ohle III ...
Read more...Taxes taxing quality of life in Sri Lanka - Sri Lanka Sunday Times
Tax experts say unending taxes are actually taxing quality of life of a majority of the people. But the government contends that it has made a tax concession for the people by increasing the tax threshold for income taxes. “The first income tax ...
Read more...