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EAGLE CREEK ELEMENTARY PTO GRANT APPLICATION Grant Request Guidelines n annual designated amount of funds for the school year will be set aside based on the PTOs main A fundraiser(s) revenue. However,
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Gather all necessary documents such as W-2s, 1099s, and other income-related forms.
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Fill out the federal Form 1040 by providing your personal information and detailing your income.
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Claim any deductions and credits applicable to your situation on the federal tax form.
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Complete the New York State Form IT-201 by entering your federal adjusted gross income (AGI) and making state-specific adjustments.
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Individuals who earn income and need to report it to the IRS and New York State Department of Taxation and Finance.
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Non-residents or part-year residents of New York with income sourced from New York.
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Federal refers to the national government of the United States, which enacts laws and regulations for the entire country. NY State refers to the New York state government, which enacts laws and regulations specific to New York.
Individuals and businesses that meet certain income thresholds and tax obligations are required to file federal taxes with the IRS and state taxes with the New York State Department of Taxation and Finance.
To fill out federal taxes, use IRS forms such as Form 1040. For New York State taxes, use NYS forms such as Form IT-201. These forms can be filled out manually or using tax preparation software.
The purpose of federal taxes is to fund national programs and services, while the purpose of New York State taxes is to fund state-specific programs, services, and infrastructure.
Taxpayers must report income, deductions, credits, and other relevant financial information on both federal and New York State tax forms.
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