| Author | Message | ||
Mahiz Comedian Username: Mahiz Post Number: 1256 Registered: 10-2012 Posted From: 70.121.3.96 Rating: N/A |
i am in texas .. i will check if it is mandated here .. kani malli year madhyalo if i move to someplace else .. can i buy then if at all ? | ||
Starc Side Hero Username: Starc Post Number: 6514 Registered: 03-2015 Posted From: 146.243.120.1 Rating: N/A |
Konni states ki mandate untadi state law prakaram. so check that and take the decision. Ma deggara state law prakaram mandate.. | ||
Mahiz Comedian Username: Mahiz Post Number: 1255 Registered: 10-2012 Posted From: 70.121.3.96 Rating: N/A |
one more question.. ee tax bill tho insurance is no more mandated kada .. now if i dont pay Jan insurance bill .. if i want in mid year can i take insurance again ? | ||
Sesani Legend Username: Sesani Post Number: 56891 Registered: 08-2014 Posted From: 108.171.130.186 Rating: N/A |
welcome naak AMT kick in kaadu... nen BPL | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 5045 Registered: 03-2014 Posted From: 107.77.106.36 Rating: N/A |
this site is very good. None of the earlier calculators had AMT component. His numbers came close to what I calculated . I thought I would be getting around1.5k but I will be paying around 1k more. All those Other calculators included child credit in calculation but did not specifically mention . So I might have double counted it. This will be mostly case of people who itemize SaLt, pay significant mortgage interest and have paid AMt last year. You save number dhaggara agodhu.. go into AMT calculation  | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11715 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
good for you. but its actually more complicated as 83,000 is the exemption allowed for AMT for joint filers. If you truly want to know. take your taxable income and add following numbers back State and local income taxes Real estate and personal property taxes Miscellaneous itemized deductions, such as employee business expenses Interest on home equity loans Deduction for a net operating loss The standard deduction, if you took it instead of itemizing if you take any other deduction, check back irs site if it cant be allowed in AMT calculations. This will be your new taxable income. now there are two paths 1) assuming your taxable income is lesser than 159,700, you deduct 83,800 and then calculate 26% tax on remaining. if this amount is greater than tax amount of 1040, you have to pay AMT else not. 2) if your taxable income is greater than 159,700, you loose 0.25$ for every dollar income after this. so lets your taxable income is 169,700. you have $10,000 more than threshold. so your exemption of 83,800 becomes 83,800-(10,000*0.25) i.e. $81,300 increasing your AMT taxable income and then AMT tax. after you choose any path above, if your taxable income after exemption is greater than 186,300 then you pay 28% rate. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jalsa Legend Username: Jalsa Post Number: 36146 Registered: 02-2008 Posted From: 159.53.78.140 Rating: N/A |
line 43 is more than 83K. line 45 lo emi ledhu. | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11714 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
How much is your taxable amount last year. If filing jointly, and taxable amount is less than <83K then AMT kicks in. Unless you have business where you are taking many deductions, this wont happen to you. This is line 43 of your 1040 not Line 36 (this is AGI before deductions hence will be larger). the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jalsa Legend Username: Jalsa Post Number: 36145 Registered: 02-2008 Posted From: 159.53.46.143 Rating: N/A |
How to find out if AMT will kick-in for us? turbotax lo chaala list undhi, oka calculator laaga ledhu. Been using turbotax for past few years with standard deductions. | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25719 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
Thanks...I will get a better idea after checking my previous return... | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 5014 Registered: 06-2013 Posted From: 104.129.194.119 Rating: N/A |
Depends. Generally, most taxpayers will avoid this underpayment penalty if they either owe less than $1,000 in tax after subtracting their withholding and estimated tax payments, or if they paid at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller | ||
Aha Side Hero Username: Aha Post Number: 4995 Registered: 01-2011 Posted From: 198.200.132.56 Rating: N/A |
Thanks for sharing the site info. The One and Only Veturi | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25718 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
Oka dharma sandheham.... on my W4 i have always claimed 2 allowances because wife didnt work till about 6 months ago...i forgot to change the allowance to 1 after she got a job....do i have to pay penalty... | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25717 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
addhe kompalo untunnanu..kiki i hope i can deduct my car property taxes in missouri...2015, 2016 vi kattaledhu so penalty tho kalipi 800$ kattanu and this 2017 ki oka 200$ kooda kattesanu | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 5013 Registered: 06-2013 Posted From: 104.129.194.119 Rating: N/A |
https://www.irs.gov/newsroom/irs-advisory-prepaid-real-prope rty-taxes-may-be-deductible-in-2017-if-assessed-and-paid-in- 2017 Good info for 2018 taxes prepayment. | ||
Sesani Legend Username: Sesani Post Number: 56885 Registered: 08-2014 Posted From: 108.171.130.189 Rating: N/A |
2018 la benefit kosame kada public are running around to pre-pay the property taxes... http://www.chalanachithram.com/discus/messages/115/359244.ht ml?1514428109 | ||
Sesani Legend Username: Sesani Post Number: 56883 Registered: 08-2014 Posted From: 108.171.130.189 Rating: |
naa insurance max out of pocket is 6K for wife and kid... 2k kosam 6k spend cheyyala? Plus all other medical expenses and baby related expenses  | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25716 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
ayithe 2018 lo tax filing ki no benefits aa....chuss | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 5012 Registered: 06-2013 Posted From: 104.129.194.119 Rating: N/A |
Have second kid. It will be 4.6K lesser. | ||
Sesani Legend Username: Sesani Post Number: 56882 Registered: 08-2014 Posted From: 108.171.130.189 Rating: N/A |
last yr number thoti compare cheste my tax bill is 2.6k less.... | ||
Sesani Legend Username: Sesani Post Number: 56881 Registered: 08-2014 Posted From: 108.171.130.189 Rating: N/A |
Guys - Please note that the site is calculating the state/local income and sales taxes automatically plus u have to include all the additional itemized deductions carefully... it may not match penny to penny with ur tax returns... Please use it as a guesstimate to get a ball park idea... | ||
Sesani Legend Username: Sesani Post Number: 56880 Registered: 08-2014 Posted From: 108.171.130.189 Rating: N/A |
this is for April 2019... | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25715 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
next tax filing lo tirigi nenu oka 1200$ pay chesela unnanu....chuss ee sari april 2018 filing ki vallu daggara ettukuni filing cheyyala if i have to decrease my tax bill | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 5010 Registered: 06-2013 Posted From: 104.129.194.119 Rating: N/A |
Good info. Thanks. How much are you saving? | ||
Bumper Hero Username: Bumper Post Number: 12497 Registered: 07-2014 Posted From: 104.129.194.183 Rating: N/A |
Maa blood veru , maa breed veruuu | ||
Ipc302 Megastar Username: Ipc302 Post Number: 25714 Registered: 02-2008 Posted From: 24.35.226.162 Rating: N/A |
2018 filing chesthama ee tax plan tho...or is it fo april 2019 | ||
Happydays Side Hero Username: Happydays Post Number: 6612 Registered: 02-2015 Posted From: 98.195.57.10 Rating: N/A |
looks like i save money by this new law.. Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin,Florida,Rohit Sharma | ||
Sesani Legend Username: Sesani Post Number: 56879 Registered: 08-2014 Posted From: 108.171.130.189 Rating: N/A |
Thanks to Maxim Lott, his website will help you understand how the tax plan will impact you... its very straight forward and gives you a side by side comparision of Current Tax System and Tax Reform Bill.. Site calculates state/local income and sales taxes automatically. Put in the numbers and get an idea of how the tax bill will impact you... http://taxplancalculator.com/ |
