 My job isn't taking taxes out on me? |
| I've been working for a month and a half now. I've received 5 checks from the company and they haven't taken out any federal taxes on me. I make 8.50 an hour, full time and I claimed 4 ... |
|
 Will I get $300 for my 18-year old? |
| My son turned 18 in September 2007. He was 17 throughout most of 2007. Will I get $300 for him? Is he considered 17 or 18 according to the Tax Return 2007 "$300 17 years old or younger" ... |
|
 Can my ex legally claim the kids on his taxes if they haven't lived with him all year? |
| My ex (who has full custody of the children) moved out in February. He thinks he can just claim them on his taxes, since I'm on SSI. But I looked on the IRS website and they said to claim a ... |
|
 Do want to hear an easy and funny way to understand paying taxes? |
U.S. Tax System Explained in Beer
by: David R. Kamerschen, Ph.D.Professor of Economics
University of Georgia
Suppose that every day, ten men go out for beer and the bill
... |
|
 How do i work out percent on my calculator? |
| i need to work out how to take away 18 percent off any ... |
|
 My ex is terminally ill, am I liable to pay his tax arrears when he dies? |
| He is terminal with cancer, and owes the inland revenue a considerable sum. We have no joint assets, i.e. property and I dont live in the UK, but can they chase me for his debts?... |
|
 Question about the Economic Stimulus Package - I'm getting cheated out of mine!? |
I'm 20, full time student, full time employee. I've been paying taxes since I started working 5 years ago. I live on my own.
However, my mom has to claim me as a dependent so ... |
|
 Can I mark single on my tax form if I am married? |
| I am married, and I changed my tax forms at work to tax me as a married person. After doing our taxes, my husband and I notice that we ended up having to owe money with the jobs we had that we ... |
|
 I haven't gotten an economic stimulus payment- last digits of SS# is 08- what's wrong?? |
| Ok, I am beginning to get worried. My husband and I filed our taxes in mid Feb. and had no problems, we got our refund a few weeks later (direct deposit). It is now Sunday, May 4th, and we have not ... |
|
 How much money can you make in a private business before they HAVE to take out taxes? |
| My boyfriend is an electrician, and is right now working under someone else, and they told him that after he earns $600.00 he would have to start paying taxes.. However others tell us that after $500.... |
|
 I got offered £32500 salary? |
They said between 30 -35k.
Is it worth starting the job. co car,pension,fuel card etc.
Is this a decent uk salary? Or not i am from I... |
|
 I got a letter from the IRS! HELP!!!? |
| My ex husband and I had to file our taxes together for the 2005 year, I didn't turn in my W2's and now the IRS sent me a letter with both our names addressed on it. We filed taxes last year ... |
|
 Tax mistakes please help? |
I made a mistake on my taxes. A rental property that is worth $ 200,000, I mistakenly claimed it was worth 2 million dollars. I claimed 20,000 dollars extra in depreciation.
What are the ... |
|
 19 years old///////////-///-Never Worked? |
What do you think of me?
I am almost 19 years old and i have never held a job?... |
|
 Driving untaxed car (UK)? |
| Hi I was wondering what would happen to you if you did this. Or more to the point someone (my stupid sister) drove a car that was in my name when it's not taxed. She did before say she was going ... |
|
 Why don't UK people appreciate their great government and country a lot more ? |
| We in the UK are extremely fortunate. The most fortunate pay the most tax but we have also had the greatest benefits. It makes me sad when I hear people whinging about and complaining, since the UK ... |
|
 My wife will goto college in Jan 2008.I paid her tution in Dec 07. Should I claim tax credit in 2007 or 2008? |
Additional Details
My wife will be attending in 2008. Shw will be continuing undergraduate studies. Her tution is due on Jan 2 and I have already paid it by credit card in Dec.... |
|
|  |
inkodye | Are full time college students exempt from paying income tax? |
The only income I had was interest income (savings account) I didn't work |
 |
 
steven_p_ohio
 |
No. Prisoners of War are exempt from paying income taxes. Interesting. John McCain (bless his heart) is running for President and has been a Senator for years and he doesn't have to pay taxes. But he votes on ours.....but I digress. Actually, whether or not you pay taxes will have to depend on how much interest you earned. If all you have is a savings account, which I doubt earns any more than about 1% to 1.5% interest, then in all liklihood, all you will need to do is file, but you won't owe anything. Check with your local and state income tax offices, and you may contact the IRS at the following:
Live Telephone Assistance
Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time). When calling, you may ask questions to help you prepare your tax return, or ask about a notice you have received.
Telephone Assistance for Individuals
Toll-Free, 1-800-829-1040. |
|
Overtaxed
 |
You are not exempt because you are a student. You may not have to file a return at all if your income is low enough, but your bank should send you and the IRS a form 1099i that reports your interest earnings. To be safe you may want to fill out and file a Form 1040 EZ which will report the income and also show that you owe no taxes. It's really simple to do. Just down load it from IRS.gov and follow the instruction carefully. |
|
Judy1
 |
No, students have the same rules as anyone else. But depending on how much your interest income was, and whether you're a dependent or not, you might or might not have to file. |
|
tonalc1
|
All interest income over $1500 is taxable. I doubt you made that much on savings account interest. |
|
Cold Hard Fact
|
Only if they die before paying. |
|
02B30C1
|
you arent exempt just because you are a student.
but it sounds like you didnt earn enough income last year to pay any taxes (unless you made more than $5,000 in interest!) |
|
deno
|
Full time students pay taxes like everyone else. The income on your savings account is taxable but only after a certian dollar amount and after allowable deductions. |
|
masonbarge
|
No. |
|
HaphazardJoy
|
No. It used to be the case that full time students were exempt, but they changed those laws many years ago. You shouldn't worry about it though, like others have said, your income is surely less than your personal exemption, so you probably won't have to pay a dime unless you pay a service to file them. |
|
Lawyer
|
From a lawyer. Students full time or otherwise are not exempt from anything. Sorry. |
|
swimmyfishy
|
only if I wish. NOPE |
|
be happier own a pitbull
 |
No, I'm sure your interest income wasn't that much. |
|
David E
 |
The answer is no, you are not exempt.
But you probably also do not owe tax and will not need to file a return, except in some special cases.
The combination of personal exemption and standard deduction for a single person is $8,450. So unless you have more income than that, you won't even need to file (except to get any withholding refunded.)
If however you are under 18 and somehow are still eligible to be claimed as a dependent on your parent's taxes, then there may be some rules (designed to keep your parents from hiding their income as yours) that still extend over you.
Unfortunately you may need to dig through the IRS web site, or at least have your parents (or yourself) consult a tax professional to be sure. |
|
oh $nap!
|
i wish(ed) |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 3 minutes(s) ago
| | | |
14 | 36 minutes(s) ago
| | | |
14 | 1 hour(s) ago
| | | |
14 | 6 hour(s) ago
| | | |
14 | 7 hour(s) ago
| | | |
14 | 10 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
14 | 5 day(s) ago
| | | |
14 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
