Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 If somebody has not filed IT return for the last year till now, is it possible to file the same now?
There is no tax to be deposited, all the tax has already been deposited as TDS.
Any specific things to be taken care of while filing a late return?...


 Have you used turbo tax befor to do your taxes?
how wast he experience? did they charge you what they say they will charge? were you able to get the refund they said theyw ould send you? would you file taxes with turbo tax agian? i'm ...


 Please help with my tax filing issue!?
Ok, so I figure I'm already screwed and on the verge of a heart attack, lol but here's my situation.

I worked this year from April-current claiming only myself until early July ...


 Does anyone have a million dollars that they would like to donate to me and my family?

Additional Details
It would be used to get the proper stairs built so no more people fall going out of my house.Helping us to bring up the value on this house by making improvements and ...


 Am I able to claim at least one of my children on my income taxes?
My ex-wife and I have been separated for over two year. Before we seperated we had an agreement drawn up that stated that we would each claim one of the children on our taxes. However, she never ...


 How long can you claim your old age pension whilst in hospital?
...


 How many people out there are upset, or outraged by the increase in GASOLINE PRICES?
I live in New York and contrary to news reports, the average price for 87% octane gas is $3.15 a gallon. It should be noted that New Jersey is on average 42 cents a gallon lower than New York. The ...


 Rs to $ anybody?
Sending $ to Inida is easy. I want to know if anybody has done Rs to $ conversion before and how easy or difficult is it?
What is the best procedure?...


 How do i deduct my tax and n.i. from my salary?
...


 What can i do? about someone filling my children on there taxes??
a member of my family has obtained photo copys of my childrens social security cards, this person makes it a point to file them with out my permission and then denies that they have filled my ...


 Why are so many people questioning the Tax we contribute?
People are forever moaning about their tax bill, but still expect all the services to be improved after they pay less. You cant have it both ways, No tax = no services. Which would you rather?
A...


 Can I file my taxes as head of household, or am I to file single?
I am a 22 year old man living in an apartment with my fiancee and her 3 year old daughter. My fiancee pays only 1/4 of the total bills for maintaining the household... Am I able to file as HOH? Or am ...


 What is 2+2?
...


 My home was foreclosed and then sold. i now have a tax bill for 20,000. how can i make this go away?
...


 Anyone know if you can use your last pay stub of the year to file income tax and when earliest time to file is
I want to file early as possible....


 Can someone garnish my federal tax refund?
...


 Do you pay taxes on the the interest you earn on a savings account?
if you have 100K saved and in a savings account earning 5.2% interest. Do you pay taxes on the income/interest?...


 If the medicare taxes is being deducted from your paycheck, does it mean you have a health insurance from your
employer ? if so shoould i ask for a health insurance card or something ?

Otherwise can I ask them stop deducting medicare taxes ? how does this ...


 Are you against Food Stamps?
I work at a grocery store and so many people come in there with like 6 kids, their nails done, and they are buying steak and icecream with food stamps! It makes me so mad because they don't ...


 Does everyone need a TV licence (UK)?
I live in a university hall. (UK) I got freeview on my laptop where i sticked a USB stick into my laptop that allows me to watch tv. Do I still need an tv licence? I know the university does not pay ...



Lorena
Can I claim our daughter?
I have no idea how this works or what's best. The thing is my husband and I both work and we earn pretty ok money.. he says I should tell the payroll dept i want to claim our baby as dependent so they wont take so much money put of my mo. check. Can I do that? what are the pros and the cons? I always thought it didnt matter cause then on income tax were gonna recieve less...but he says we need it the money more throughout the year? What is better? What gives me more money??? thanks.
                     
 




PepsiLime
Rating
Doesn't matter whether you claim your daughter, your husband claims your daughter, or even you both claim your daughter on the W-4. All that matters is that when you file the tax return, you either get a refund, or breakeven, instead of owing. I have attached a link to a paycheck calculator site to help you both determine how many exemptions you should claiming for W-4's. www.paycheckcity.com


Judy1
Either of you, but not both, can claim an allowance for her on your W-4. If you are eligible to received a child tax credit for her (she has to be under age 17) then you could probably claim 1 or 2 additional allowances.

This will give the one who claims her more in their paychecks. Your refund will be that amount less - you either get the money in your paychecks, or get the same amount in your refund. You end up with the same total amount, the only thing that changes is when you get it.

When you file your return at the end of the year, you should probably file joint - that almost always results in less total tax for the two of you.


ninasgramma
Rating
Do what your husband suggests and add an allowance to your W-4. If you both earn a salary, you are eligible for the $1,000 Child Tax Credit. By both of you taking an allowance for the child, you should be OK.

If you end up owing additional taxes after you file in 2008, remove the allowance so that more taxes are withheld. You do not want to owe more than $1,000 on your tax return because if you do you are assessed a penalty.


Deliah
Rating
Your husband is correct as long at claiming the exemption does not end up making you short at the end of the year.


Flower Girl
Rating
The more dependants you claim the more money you get though out the year, the less you claim the more they take out for taxes.


ILoveMyBayBay
Rating
You should claim her as one of your dependents i say its better getting the money through out the year than all at the end you can use that money with a kid.
hope i was help-full!


dolly d
claiming the baby-now--will put more into weekly check,,at end at end of year,,beings youve claimed the child,you can-get monies back for day-care etc--get an accountant--you don;t want to mess with irs,,trust that


goingcrazy325
Rating
If you claim your child as a dependant then you will have more money in your paycheck per week. When you file your taxes make sure you claim your child as well. There is a small possibility that you might end up paying the money back to the IRS. But I haven't heard any stories about that happening. Not to be impersonable but children can be tax write offs.


ianrothman
Sounds like your husband knows the score.

Either you get your tax refund spread out over each paycheck, or you get it in one lump sum when you file next year.

You receive the same total amount either way. It just makes a difference whether you want it now gradually, or all of it later.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy