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Questions and Answers
किस चीज की रकम को कर द्वारा दी गई कर के राशि से घटाया जा सकता है?
किस चीज की रकम को कर द्वारा दी गई कर के राशि से घटाया जा सकता है?
कौन-सा फाइलिंग स्टेटस कोई विधि है जो विशेष कर लाभों पर प्रभाव डालती है?
कौन-सा फाइलिंग स्टेटस कोई विधि है जो विशेष कर लाभों पर प्रभाव डालती है?
किस क्रेडिट को कमी में पेश की गई करता धन्य परिवारों के लिए?
किस क्रेडिट को कमी में पेश की गई करता धन्य परिवारों के लिए?
किसके लिए संभावित है, प्राप्ताधिकारी छात्रों और उनके परिवारों के लिए शिक्षा क्रेडिट?
किसके लिए संभावित है, प्राप्ताधिकारी छात्रों और उनके परिवारों के लिए शिक्षा क्रेडिट?
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किसे टैक्स पर देना होगा?
किसे टैक्स पर देना होगा?
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कौन-कौन सी चीजें करते समय किराया कम होता है?
कौन-कौन सी चीजें करते समय किराया कम होता है?
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किसमें से टैक्स दरों का संकेत होता है?
किसमें से टैक्स दरों का संकेत होता है?
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कौन-कौन सी चीजें टैक्स से कम होती है?
कौन-कौन सी चीजें टैक्स से कम होती है?
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किसके लिए 'तहत' का प्रमाण पत्र होता है?
किसके लिए 'तहत' का प्रमाण पत्र होता है?
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'संपत्ति' पर 'कितना' प्रमाण पत्र होता है?
'संपत्ति' पर 'कितना' प्रमाण पत्र होता है?
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'संपत्ति' पर 'कितना' प्रमाण पत्र होता है?
'संपत्ति' पर 'कितना' प्रमाण पत्र होता है?
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आयकर क्या है?
आयकर क्या है?
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1913 में कौन-सा संसोधन हुआ जिसके पश्चात संविधान में आयकर की वसूली की शक्ति मिली?
1913 में कौन-सा संसोधन हुआ जिसके पश्चात संविधान में आयकर की वसूली की शक्ति मिली?
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क्या है 'करने योग्य' (Taxable) आय?
क्या है 'करने योग्य' (Taxable) आय?
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'करने योग्य' (Taxable) आमदनी की परिभाषा कैसे की जाती है?
'करने योग्य' (Taxable) आमदनी की परिभाषा कैसे की जाती है?
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Study Notes
Income Tax Overview
Income tax is a tax imposed on individuals and businesses to generate revenue for the government. The power to collect income tax is found in the Constitution of the United States, and it has been in place since 1913, following the ratification of the Sixteenth Amendment to the U.S. Constitution. The Internal Revenue Code, Title 26 of the United States Code (26 U.S.C.), embodies the federal income tax system. Most states also maintain an income tax system, in addition to the federal one.
Taxable Income
Taxable income is the amount of income from various sources that is subject to income tax. It is typically defined as "all income from whatever source derived". Some examples of taxable income include:
- Wages and salaries
- Interest and dividends
- Rent from property
- Gains from the sale of assets
- Passive income from investments
Tax Brackets
Tax brackets, also known as tax rates, are the percentages of an individual's taxable income that are paid to the government. The U.S. income tax system consists of seven federal income tax rates:
- 10% on income up to $9,850
- 12% on income between $9,851 and $40,200
- 22% on income between $40,201 and $83,350
- 24% on income between $83,351 and $178,150
- 32% on income between $178,151 and $340,100
- 35% on income between $340,101 and $431,900
- 37% on income over $431,901
Each tax bracket is applicable to a specific range of taxable income, and individuals are taxed at the highest rate for which their taxable income falls.
Tax Deductions
Tax deductions are expenses that can be subtracted from an individual's taxable income, reducing the amount of income subject to tax. Some common tax deductions include:
- Mortgage interest on home loans
- Charitable donations
- Medical and dental expenses that exceed 7.5% of adjusted gross income
- Business expenses for self-employed individuals
- State and local income or sales taxes
These deductions help individuals reduce their taxable income and lower their tax liability.
Filing Status
Filing status refers to the category that an individual falls under for tax purposes. It is used to determine the amount and type of taxes a person must pay. Common filing statuses include:
- Single
- Married filing jointly
- Married filing separately
- Head of household
- Qualifying widow or widower
Each filing status has specific tax implications, and individuals must choose the appropriate status when filing their tax returns.
Tax Credits
Tax credits are amounts that can be subtracted from the amount of tax owed, reducing the total amount paid in taxes. Tax credits are different from tax deductions, which reduce taxable income. Some common tax credits include:
- Earned Income Tax Credit (EITC) for low-to-moderate-income working individuals and families
- Child Tax Credit (CTC) for parents with qualifying children
- Education Credits for eligible students and their families
- Retirement Savings Contributions Credit for individuals who contribute to retirement savings plans
These credits help offset the cost of living and reduce the overall tax burden for eligible taxpayers.
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Description
आयकर की जानकारी: कर योग्य आय, ब्रैकेट, छूट और क्रेडिट को समझना। आयकर कोड, टैक्स ब्रैकेट्स, टैक्स डेडक्शन, और टैक्स क्रेडिट्स के बारे में सामान्य जानकारी।
