 Is TurboTax worth it? |
| I've heard a lot about TurboTax, but with the price of the software, is it really a good investment? There are different levels of membership as well--which is the best value for your tax needs? ... |
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 Do I still have to any tax? 10 pts for best answer!!!? |
I received a large sum of money ($12,000) from my motor vehicle insurance company. Do I have to pay any taxes? If I do, then how much? When do I pay? How do I pay?
i will be rewarding 10 ... |
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 Does anyone have any TRUE info about delay of refund? |
| We all have heard so many reasons about our refund date being pushed back, I was just wondering if anyone might actually have the real reason why. there have been so many possible reasons, but some ... |
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 How strong is the IRS? |
| What power do they have and to what extent can they use it?... |
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 How do you go about stating your own income on taxes. i work under the table.? |
i would like to have something to bring to, say a dealership or something. am i going to owe a bunch of money when i go to say H & R Block
Additional Details
i guess i worded it ... |
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 Can I claim my baby born on August 13th 2008 on my taxes? |
Hello my little one arrived in August I was wondering if I could clain him on my 2008 taxes.
Thanks in advance:)... |
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| I sold my primary residence in 2006, for $125,000 and bought a new house for $205,000 in the same month. I used 75% of the profits from the sale ($30,000) as the down payment for the new place. My ... |
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 Is money gifted to my children taxable under the kiddie tax law? |
| My mother gave each of my children $10000. Does the kiddie tax law affect this?... |
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 Do you have to file your taxes every year? |
I heard that there is a law that says we don't have to file our taxes every year as long as we don't go into the negative? Does anyone know?
Additional Details
Actually I did ... |
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 Paying taxes...? |
| I am only 17 and s at the moment don't really pay many/any taxes, however, it just seems to me that taxes are going up and up. I heard on the radio that 3/4 of somebodys wage goes on tax and ... |
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 Do I pay taxes on my gain on my home? |
| Ive lived there for 6 years. im selling and walking away with about $100,000. I am planning to buy a new home right away in another state. Do I have to pay taxes on the money if I buy a new home ... |
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 Anyone get their stimulus DD today yet ??? |
| Just wondering if anyone got their check direct deposit today like they were suppose to ? The IRS site said mine was suppose to be today,may 16th, but it is not there ?? If you did get your today, ... |
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 When do W-2's have to be mailed out? |
It's the 31st, correct?
If you have a child that is in daycare, does the daycare have until the 31st to mail out the information for the child care credit as well or do they even have ... |
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 Would the UK be a better society if unemployed people went to work in a workhouse? |
| assuming they didn't take the jobs of employed people? What jobs do you think they could do?... |
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 Can I avoid paying tax if I receive regular payments by cheque? |
| I know you can avoid tax if you recieve cash in hand- but what about cheques?... |
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 Please tell me if this is true or not? |
| When i was at work today my boss told me that when Bush gave us those stimulus checks in 2008...when we do our taxes this yr..the IRS is taking it back...My boss also said that she called HR-Block..... |
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 Anyone out there actually okay with paying taxes? |
| I am just interested in hearing what you have to say about it. Is there anyone out there who doesn't really complain about paying taxes because they see the point in it?... |
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| Or They Get Help From Loopholes? What Are Alternative Minimum Taxes?... |
|
 Who here agrees with this new proposal for pay-as-you-trash? |
Its not as if we pay enough for council services with the council tax. why should we pay them extra for taking our rubbish away as well.
Its just another excuse for the greedy councils.... |
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Madhu B | Do i have to pay tax for the interest that i get from my fixed deposit? |
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Mohan
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If you are a male <65 years of age tax free income will be 1.5 lakhs. If you are a male >65 years of age, then your tax free income will be 2.25 lakhs. Over and above the tax free income (1.5 L / 2.25L), one has to pay income tax.
If your income is more than Rs.1.5 / 2.25 lakhs including the FD interest, then you need to pay tax.
The bank will deduct TDS on your FD interest if the interest is more than 10,000 in a financial year. If your income is less than the above said limit (1.5 / 2.25), then you can submit form 15H/G to the bank so that they do not deduct TDS.
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sg_iit_8&3
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-> yes if the locking period is less than 5 yrs.....
-> No if locking period is 5 yr or more and interest is less than 10000/- per year...
-> i am not sure if interest is more than 10000/- per year .....i think tax is applicable in that case....for saving that don't invest the complete amount at one place....split it so that interest would be less than 10k for each deposit.
hope i helped u !!
cheers...........................
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delta
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interest from bank fd and savings fund account is taxable. you have to add this interest to your salary or business income and pay taxes as per the slab inwhich your income falls ( total income from all sources ) |
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razzyan n
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hey dude.............if your earning more than 10000 as bank interest on fixed deposit your applicable for TDS on interest
if you are a compny
its 20.60% or 22.66%( As the case may be)
if you are a individual
its 10.30% or 11.33% (As the case may be )
good luck |
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John K
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Fixed Deposits (FD) is a system where a person – known as a depositor – deposits a lump sum amount of money in bank at a predetermined fixed period. The longer the period of the fixed deposit, the higher is the interest rate the depositor earns. The number of days an amount may be entered into a fixed deposit scheme ranges from 15 days to 5 years. After maturity period of the fixed deposit, the depositor then acquires the lump sum amount equal to his principal deposit, plus interest thereon....
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meet
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hi.Yes it is sure interest income must be included in your total income in the tax return. in your account its under indirect income head . |
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Manish
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yes - if urs deposit interest above 10000 per year ...
after dat TDS cut jayega |
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Jss
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Yes, interest income must be included in your total income on the tax return. |
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tulsi gupta
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yes you should pay the tax if any. and file the return for the same.
tulsi gupta |
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ghouly05
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I am not sure what a fixed deposit is, but interest on savings is usually considered taxable income unless there is an exclusion in the tax code. |
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francisco medina
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this is not fare! banks make money with our deposits, and i assume they pay their taxes from the profit they make with our deposited money; and we have to pay taxes based on the income generated from our deposited money in the bank; this is crazy! |
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khan
 |
FOR EXAMPLE I AM GETTING 12000/ INTEREST SO ON WHAT AMOUNT TDS WILL BE APPLICABLE ON RS. 2000/ OR ON 12000/ |
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