 Why do so many french people stink? have they not heard of deodorant? |
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NO, Really, I TRAVEL TO FRANCE, SPAIN, ENGLAND, ITALY, SWITZERLAND ON BUSINESS SEVERAL TIME A YEAR. THE FRENCH ORE THE WORST, THE THE SPANISH. I HAVE SAT ON A TRAIN NE... |
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 Is there a way to completely avoid social security and medicare taxes? |
| Since I will not be drawing any social security, I am looking for a legal way for a w-2 wage earner or a self employed person to not have to pay in FICA taxes.... |
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 Where the **** is my refund?!? |
| So the "Where's My Refund" site and hotline says that my refund was deposited in my account yesterday (the 19th), well i still dont see anything in my account. I called my bank (Chase) ... |
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 Can I get in trouble for what they did? |
| I worked in Kentucky in 2008 for 6 months, and I was having them take an additional $10 out for federal taxes, I'm look at my w2 right now, and that's all they took out was the $10 I was ... |
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 Single mom, 2 kids, $12/hour, how much taxes taken out of each check? |
| I need to know if this job would be worth taking. The job is an hour away. I figured in all bills, groceries, estimate on gas money, and cigarettes to be $1,817/month not counting ANY spending money. ... |
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 Has ANYONE received there rebate money? |
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i'm due to get mine on may 9th and just wondering if i really will through direct diposit.... |
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 I can't afford my income taxes? |
| I normally get a refund of about $800 every year from the government. This year, I made only about $1,000 more than I did the previous year and for some reason, I owe over $2,000 this year!!! I have ... |
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 Whats the worst that could happen of i lie on my tax return? |
whats the worst that could happen to me if i take school deductions and exemptions on this years return if i really wasnt in school?
ive gotten away with it once but im scared to death to try it ... |
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 How long should i keep my payslips and P60's? |
| i have payslips and P60's from as far back as 1996 and i'm wondering if there is a point when you can shred them safely without the inland revenue coming after you?... |
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 Does anyone know how to figure how much tax I need to pay as an independent contractor? |
| I recently booked a few modeling jobs as an independent contractor and I have never done this before. Is there any easy way to figure how much I owe on the money I made? I just wanted to be sure I ... |
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 Can I get unemployment if I quit my job? |
| I worked with a company for 6 or 7 years. I had an excellent relationship with all my supervisor and co-workers. I moved to another state and the commute was on average an hour and a half (sometimes 2... |
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 I have a fee of 94.50 what's that with tax? |
also 39.99....
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i live in NYC... |
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| I just received, via direct deposit, my stimulus rebate from the IRS. Why was it bigger than expected? |
I am a single person with NO dependents.
I was expecting $600.
I received $900.
What's the situation here?... |
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| Its been a month and I still have not received my federal return? |
| I mailed out my state and federal returns on 3/20/07, about 2 weeks ago recieved my check from the state, but not from the federal government. Today my brother, who mailed his reuturn, about a week ... |
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 Importing common sense to the States-Is it duty exempt? |
| As there seems to be a massive shortage of this at present it seems like a real niche market is there. I know most of the world would like to see Americans buy some, so as the demand would be really ... |
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 How many of you know that Americans don't have to fial a 1040? It's unconstitutional.? |
It's true. If it's the first time you've heard of this, look it up. If you've already heard of it, look it up some more.
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For the first few of few ... |
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Tracy L | Do I need to file? I heard if you are single and make less than a certain amount, you don't need to file taxes |
Is this true. I am 27, and single, I did not make much last year because I was disabled from a car accident. I was not even able to collect disability, the insurance company did not pay out. I had to live off my savings. So I only made money last year for about 6 months, do I still have to do my taxes? If yes, or no, how much must I have made that makes me file taxes, and how much is it to not file taxes? Also, do I have to claim the interest I paid on my home, or is that up to me, and benefits me if I want to use it right? |
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arejokerswild
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How many months you work does not decide that. Many other factors come into play, including how much you made, what other income you had, etc. There is not enough information here to answer your question.
Boy, you sure got your 5 points worth with your question. I counted 4 question marks and many more questions. |
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Jayne S
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At the end of the year add up all the income you received from all sources, then look at the instructions for the tax forms or go to www.irs.gov or call the toll-free number and ask. You'll be surprised how low the figure is, though. If you have to file, do it or submit an extension by 4/15. Otherwise the IRS will calculate what they think you owe them. You don't have to claim interest you paid, but if you have to file and it's worth itemizing, don't leave it out. |
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Freddie
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The amount to be completely exempt from filing taxes is very minimal, so odds are, if you worked at least half of the year, then unfortunately you at least have to calculate your taxes owed or your refund. Your taxes are a percentage of your income and adjust accordingly. You can claim the interest on your home if it meets certain criteria, and you may also be able to claim medical expenses for deductions. Again, special criteria apply to these deductions. It may be possible with the level of income you had last year and the number of deductions you may be entitled to, that you will be entitled to a refund of all taxes withheld from your pay. File away, it quite possibly will be to your favor. |
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LOVELYLADY
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yep |
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Swu20
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If you had ANY income, you need to file. Heck, just go through the steps of filing if you didn't have income just to make sure you don't have any problems later! |
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Silly chick
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If you made above 400 bucks gross, then you have to pay taxes. You can deduct medical expenses. |
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STEVEN F
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Short answer, if your taxable income using the standard deduction is $0.00, you don't have to file. If you are due a refund the only way to claim it is by filing. The following link is an IRS publication titled 'Do You Need to File a Federal Income Tax Return?'
http://www.irs.gov/individuals/article/0,,id=96623,00.html |
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Wildflower
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YES!!! File your taxes and claim:
the interst you paid on your home
the medical expenses
as head of household -if you have children
and if you do have children, claim them as dependants if possible.
Also claim all donations you made and got a reciept for.
You will probably get a nice refund if all these things you claim add up to be enough....and I would think it should!!! |
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Judy1
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Last year if you are single with no dependents and made less than $8200, then you were not obliged to file, although if you had anything withheld, you should file and will get it all back. If you made $8200 or more, then you were required to file.
Whether you claim the interest you paid on your home that you live in is up to you. If your itemized deductions, including this interest, house taxes, and any other deductions you have add up to over $5000, then it would benefit you to itemize.
On an earlier question, you asked about interest on two homes that you rent out - that's a whole other issue which changes everything. The IRS doesn't consider a property your "home" if you don't live there. Interest can be deducted, as well as other expenses of maintaining the rental properties, but you still have to claim the full rental payments as income, then deduct the expenses, and the $8200 total income to be required to file includes the net from your rental income after you deduct your expenses. And while the interest is deductible, the entire mortgage payment isn't since the part that's paying principle is accumulating for you in your equity in the property. If you live in one of the properties and rent out just part of it, the rules get even trickier. |
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HoneySuite
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You do not have to file a federal income tax return if you make less than your standard deduction plus your personal deduction. For 2005, that amount is $8,200.
However, you should file in order to reclaim any income taxes that were withheld. In addition, you may qualify for the Earned Income Credit and possibly get back more than you paid!
If you made more than $8,200, you should file a long form so you can claim your medical expenses and the interest on your mortgage and real estate taxes on Schedule A (itemized deductions). Because you can only reduce your income to zero, filing a long form if you made less than $8,200 gives you no benefit. |
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lcmcpa
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Nothing about the Internal Revenue Code is cut and dried. Generally if you are single and claiming yourself, you do not have to file if you make less than $8200. There are many many exception. It might be to your benefit to file and get a refund of the taxes that were withheld. |
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Walking Man
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For the love of Pete, FILE!
It sound to me like you had a loss this year, and even if you file and do not get a refund, you can carry that loss forward and use it next year. |
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calypso925
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its best to file you could use the refund |
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misslabeled
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If you make between $5 and $15 dollars, you will owe $1 in tax. It goes up from there. So, yes, you will probably have to pay tax. If you're lucky--and likely so--enough was withheld to not only cover it, but to give you a refund. |
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joker_32605
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Don't file. |
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