You can also refer to do i need to file a tax return to see if your income requires you to file even if you dont have to file a federal income tax return you should file if you can get money back for example you had federal income tax withheld from your pay or you qualify for a refundable tax credit. Answers to many of your questions may be found on this site please try interactive tax assistant ita find reliable answers to your tax questions the ita asks a series of questions and immediately provides answers on a variety of tax law topics. Have you ever wondered what makes up taxable wages if so youre not alone hopefully this post will help clarify what to consider when calculating taxable gross for payroll for the example listed below we will be calculating the taxable gross for federal income tax keep in mind that taxable gross varies depending on tax type. Federal tax 1 in class homework problems chapter 2 1 assume the current date is 3 25 2018 tom a new tax client has hired you to prepare his 2017 income tax return upon reviewing his old returns you noticed many errors how questions would you answer the followi ng a when is toms 2017 federal income tax return due b. Taxable income is the base from which income tax systems impose taxes this income usually has included many types of income and has often been reduced by deductions and expenses these things such as income deductions and expenses may vary by the income tax system or the country the income tax system is based
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