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CONNECTICUT DEPARTMENT OF SOCIAL SERVICESUNIFORM POLICY MANUAL ___ Date: 021301Transmittal: UP0104 5035.07 ___ Section:Type:Treatment of Income POLICY ___ Chapter:Program: AFDCIncome Deductions FMA ___Subject:Lump
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Gather all necessary documents such as W-2s, 1099s, and other income records.
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Federal refers to the national government and its set of laws and regulations, while state refers to individual state governments and their specific laws. The term 'federal and state of' typically pertains to tax obligations, which are governed by both federal and state authorities.
Individuals and businesses earning income must file federal and state tax returns. Generally, anyone who meets the income thresholds set by the IRS and their state tax authorities is required to file.
To fill out federal and state tax returns, gather necessary documents (W-2s, 1099s, etc.), use IRS and state tax forms, or utilize tax preparation software. Follow the provided instructions for each form to accurately report income, deductions, and credits.
The purpose of federal and state tax filings is to report income earned, calculate tax liability, and remit taxes owed to the government. These funds are used to finance public services and infrastructure.
Taxpayers must report personal information (name, address, Social Security number), income information (wages, investment income), deductions (standard or itemized), credits, and any other relevant financial data as required by tax forms.
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