What is the purpose of filing state income tax?

Answer If you reside in a state with state income tax, you must file taxes to remain in compliance with state laws. If you don't, you will face penalties.Filing TaxesFiling taxes involves submitting the r... Read More »

Top Q&A For: What is the purpose of filing state income tax

What are the forms for filing state income tax?

States gain their revenue by imposing many forms of taxes, such as property, excise, sales, estate and income taxes. When filing your state income tax, the required forms depend on your state.Withh... Read More »

What Is the Federal Income Tax Filing Requirements?

The federal government charges an income tax on all income that people make in the United States. If you make enough money, you will be required to file an income tax return. Even in cases where yo... Read More »

What is the income threshold for filing a federal tax return?

The threshold for filing a federal tax return depends on your filing status, according to H&R Block. Singles under 65 in 2009, for example, had to earn more than $9,350, while married couples under... Read More »

What Are the Filing Limits for Federal Income Taxes?

If you are a citizen or resident alien, you must file a federal income tax return if your income exceeds certain limits. All income, regardless of whether it was actively or passively earned and re... Read More »