I'm doing my taxes here in Florida and for the year 2006 my husband and I worked at a job where we were paid salary plus commission. Do we include the commission as earnings also? If I do it shows I owe the IRS. I've never owed them before. We will file married filing jointly and we have no kids. Any Tax advice anyone?
2006-12-13 03:38:31 · 2 answers · asked by isladelmar7 2 in Business & Finance ➔ Taxes ➔ United States
Your W-2s should include both your salary and your commission, so you won't have a choice but to include it.
You might want to look into whether or not you had employee business expenses (Form 2106).
2006-12-13 06:23:47 · answer #1 · answered by jinenglish68 5 · 1⤊ 0⤋
Yes, commissions are taxable the same as salary.
Do you own a house? If so, mortgage interest is deductable along with property taxes, charitable donations, medical expenses, etc).
2006-12-13 11:49:35 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋