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Video instructions and help with filling out and completing va form 40-1330

Instructions and Help about va form 40-1330

Welcome to state income tax online.com today we're going to be talking about Alabama income taxes and we're going to go through a few slides I'm going to pulling out some of the most important parts of your attack your individual income taxes and what you need to know and then we're going to actually go to a couple different sites where you can see the forms and see where you could file your Alabama individual income tax returns so let's get started here on the slide so like other states state of Alabama has their own set of income tax rules you have to follow and file in a return besides the standard or itemized deductions Alabama doesn't allow any other deductions besides the federal tax liability deduction so they follow the same federal deductions there there's nothing else as far as the standard or itemized deductions Alabama does have some really good tax credits three good ones that I'm going to cover real quick here so these three they all include taxes paid to another state so you've got a credit a full credit for ending taxes you paid to another state dollar for dollar there's the Bakke Basic Skills deduction card and the capital credit now when you file your taxes online if you qualify for these credits that's automatically going to give you the credit what happens is they ask you a few different questions and based on your answer they'll either give you that credit or not so you don't have to determine whether or not you qualify which really helps I'm just going to hit some of the high points here you can you can read on the slides as we go as a resident of Alabama retirement income from an out of state source is taxable to the state of Alabama so that but the income should not be taxed twice so you should not be paying tax to both States as a non-resident of Alabama earning income from a source in Alabama you're responsible for filing an Alabama state income tax return if your earnings are the personable personal allowable exemption amount here's just an FYI that I want you guys to know if you own a home in Alabama and you qualify for the mortgage interest interest credit on your federal return the interest you paid before receiving the credit is deductible on your Alabama return so let's go through a few different sites here real quick so this is a site I'm going to recommend you guys go to it's that Alabama Revenue site has a really good it's a really good source of information if you have questions on your Alabama individual return so well show you some of the buttons here that I recommend you have the forms here yeah it covers just about everything you need to know individual income tax laws and rules we refund information payment options so all you have to do is.

FAQ

What are the requirements for being officially recognized as a religion in United states?
What are the requirements for being officially recognized as a religion in United states? What are the hotlines and resources for substance abuse in Maine? Substance Abuse Helplines, Hotlines and ResourcesState of MaineDial 2-1-1 or 1-877-463-6207 or visit 222Maine.org for confidential help and information on these and other r...
Concerned Quorans (q/concernedquorans)What are the hotlines and resources for substance abuse in Maine?
What are the requirements for being officially recognized as a religion in United states? What are the hotlines and resources for substance abuse in Maine? Substance Abuse Helplines, Hotlines and ResourcesState of MaineDial 2-1-1 or 1-877-463-6207 or visit 222Maine.org for confidential help and information on these and other r...