Tax Topic CA 5 - California Retirement Income
When filing a tax return you usually claim
credits to help to help with your particular financial situation. It could be
that your income is below a certain limit. It could also be that you are being
double taxed because you also paid tax in another state for the same item. There
are various reasons for a credit. Whatever the credit may be, you want to make
sure you know that it exists so you will not missed claiming it on your income
tax return.
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Tax Return Situation 1:
Address information on W2 is current. Mr. Watson
received Social Security benefits.
Mr. Watson paid $ 6,000 rent for all of 2013.
Mr. Watson's date of birth is April 6, 1946.
Get all basic information from form, including income information.
Tax Return Situation 2:
Complete a tax return:
Andy Brown (SSN 572-03-3300) lives with Samantha
Garcia (SSN 578-58-8471) with whom he has three children. Andy and Samantha are not married.
The children are:
Name: |
SSN |
DOB |
|
|
|
Anthony Brown |
610-13-6440 |
8-16-2000 |
Amy Brown |
604-13-6462 |
3-10-1999 |
Leticia Brown |
611-12-4011 |
4-18-1997 |
Andy's Income:
Bank interest income |
$19.00 |
Unemployment
compensation |
$220.00 |
Andy and Samantha agreed that she would take care of the kids
and that Andy would support the family.
Get all their basic information from
the following W2, including income information.
1. Look at the Form 540
you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line
12?
|