 Why does the uk let the government act the way they do..council tax..? |
| I've lived in england all my life and I cant believe we are letting our government get away with the stuff they are doing..specifically Council Tax... I understand that they may have to reform ... |
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 If you win 1.000.000 on deal or no deal, how high are the taxes? |
Won´t they be like a minimum of 27 % and depend on the rest of your income?
If you make 40.000 a year and win 1.000.000 - how much do you get to keep?
Additional Details
Just for ... |
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 Benefits??? Am I able to claim?? |
| I gave up my job as a manager two months ago, as I found it to stressfull. I have never claimed before. I live on my own and rent a private house. I am now running out of money to pay for it all. Can ... |
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 Can i claim my partners children on my taxes? |
| my partner and i have been together for 9 years in Virginia. She has 2 kids and i have one. All children live with us. Up until this point we have both filed taxes seperately. For the year 2007, ... |
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 UK only .. My Council Tax is now ....? |
£3,400 a year ..! ... it that because i have a 5 bed House in Essex..? .... Yet the scum bags a mile from me pay phuck all..!!!
OK , im lucky ...the house is mine ( payed cash for it 2 years ... |
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 Has anyone received their stimulus check yet?? |
| My husband and I both have social security numbers that end in numbers under 20, indicating that we will recieve our check today, May 2. We filed our taxes online in January and recvd our refund via ... |
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 What should i do with my tax check? |
you see i filed my tax check and get the federal part back what should i do with it?
any suggestion is ... |
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 Uk answers only please.? |
| does anybody out there know of any debt consolodation companys that come to your house to discus everything.any answers would be much appreciated.... |
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 I didn't say that I have not been or do not plan to pay my taxes owed from 2005? |
| I certainly do and have been paying since 2005, however, since I am on a repayment plan, why should I be further penalized by having the stimulus check applied to that balance as well. I feel like I ... |
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 Can home repairs be written off on taxes? |
| I have a pipe leak in the front yard getting fixed and it's going to cost 500 dollars. Will I be able to write that off when I do my taxes?... |
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 I have had a letter from a Bailiff company saying i owe £600 for council tax from a old address 2 years ago.? |
| It was a shared house and lost contact with my flat mates. Ive phoned the company and made a apponitment with them, as I cannot afford to pay it all immiediatly. What will their responce be?... |
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 I have called the IRS MANY Times and keep getting different answers (last 2 are 21)? |
| I am sure that my check will be mailed..... but I was at first told that it wasn't going to be (by the IRS). I still cannot get anything to show up under "where's my payment". T... |
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 Okay it's 5/1. Has anyone received their stimulus check yet? |
| the last two digits of my ss# are 43 so I know they said by May 9th, but I haven't heard a single person say they got theirs yet...... |
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uv | Big bonus check comming soon, what can i do so they wont take alot of taxes? |
can i change the amount of dependents? if so, how many dependents? is there a limit? im aware of the penalties at the end of the year, but i only want to do this on 1 check. |
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miketorse
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There is nothing you can do. The large W/H won't be really help materially by the amount of EXEMPTIONS (not dependents), it's really a matter of a bonus check being a large amount of $, therefore having a larger % withheld. |
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STEVEN F
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miketorse: its actually ALLOWANCES, not EXEMPTIONS on the W-4. Technically you could change your W-4 to claim more before the bonus is paid and change it back after it is paid. I doubt it will actually be worth your trouble. If you want to adjust your W-4, I recommend using the IRS calculator linked below. It will help determine how many allowances to claim ALL YEAR to match your total withholding to your actual tax liability.
TaxGurl: The IRS ALLOWS companies to choose to withhold at a flat rate of 25%. The company also has the option of withholding from bonuses at the same rate as if they were part of regular wages for the pay period. |
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Judy1
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You can't do much about the bonus check - they'll probably just take a flat percentage from it. If it's a small company, you could talk to them and they might withhold less - a large one will probably just take out what they take out. Your W-4 won't have anything to do with what that is.
But if they take more than you'll end up really owing for it, you could increase your allowances on your W-4 so your paychecks don't have as much withholding for the rest of the year. Just remember next year to change it back to normal. |
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bostonianinmo
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Sorry, but if your employer has any brains at all, they won't be roped in by that. If they see something suspicious going on with your withholdings, they're required to notify the IRS. |
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TaxGurl
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I work in payroll and we have to tax all bonus checks at 25% federal and a specific rate for each state, regardless of the number of allowances on an employee's W4. Any check we send out which is designated as supplemental income - bonuses, grievances, etc - has to be taxed at the supplemental rate, not the employee's regular withholding rate. |
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jseah114
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There is nothing you can do to reduce the withholding on a bonus check. Bonuses, as well as other non-periodic income, are withheld at statutory rates. If you have not maxed out on social security wages yet, they will withhold 6.2% for social security, 1.45% for medicare, 26% for federal and whatever the statutory rate is for your state. These percentages are set by the various tax law (Internal Revenue Code for federal, state revenue code for state) and cannot be changed either by the employer or the employee. |
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Gunny Bill
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They will probably take alot out when you get check. Make maximum deposits to IRA. See financial planner or CPA and see if there are other areas you can deposit part of the bonus. You may get some of the tax back at the end of the year. |
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aku_aku78
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You can change the number of allowances you claim on your w-4 to a higher number. Just make sure you change it back after you get that check. Some employers don't like the hassle of people changing their allowances back and forth, so talk to your payroll dept. first. |
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merlins_new_apprentice
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I've tried it. Basically, you're screwed. Pay the taxes and be thankful for the remainder of the bonus you have to enjoy. |
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Tom W
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One idea might be to negotiate an ownership grant in lieu of cash payment. For example, you could take half in cash and the other in stock options. This would could defer some of your tax obligation until you exercise the options, possibly during a time when you are in a lower tax bracket. Many businesses welcome the opportunity to hold onto their own cash if they can and you may be helping them out with this offer. Depending on your contract, company, and nature of the bonus, this may not be possible but its worth asking.
Good luck. |
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