 If gordon brown cannot understand the implications of abolishing the 10p basic tax rate should he be ? |
| running our country? if we can work out that the poor will be 8p in the £ worse off and the better will gain 2p in the £ i wonder how he managed to be chancellor for all those years let alone ... |
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 First time tax payer: should i get a person or do it on my own? |
| this is my first time paying taxes and i was wondering if i should get someone ( like h and r block "i got people" ads) or should i efile myself with one of those turbo tax. how much does ... |
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 If you bought a car in 06...? |
| Is it true if you were financing it, you can write it off the interest when you do your taxes??? If so than i am LIVID ,and hate H & R block- Apparently thre is a whole bunch of things i found ... |
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 Is it filing IT Retruns is compulsary, even if I m not paying any tax? |
Hi ya,
Is it filing IT Retruns is compulsary, even if I m not paying any tax. My cousin's salary is about 1.5 LPA.Is he required to file his retruns (as he can show that 0.5 L as ... |
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| Claiming child on income tax? |
| this is going to be my first year that i claim my son. him being only seven months... my question(s) are, roughly, how much do you get per child... and recently my gf said that she is entitled to ... |
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 I intend to work 2 fulltime jobs. One I do now is at 15K, the new one is 18k. What tax will I be paying? |
Both jobs are web related, and the second is web based entirely.
Do I have to inform my current employer?
Do I have to inform my new employer of this?
What this might implicate?
T... |
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 My fiance has not paid taxes for 3 years now! WHAT TO DO!? |
| Okay so my fiance was a contracter for this company and was paid with a 1040 not a w-2. So we knew he was going to pwe taxes. Now we are having a real struggle with our bills. This year will be the 3... |
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 If I owe too much in taxes will the Gov. cut out one of my kidneys while I'm sleeping to pay it back?? |
Come on...you know this section is too serious... ;-)
Additional Details
Ms. Angel, dare i say best answer... (dare! dare!)
That's how I think the term Yankee was coined ... |
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 Would I or my father have to pay a gift tax if I give a $50,000 check to him from my savings? |
| The money was already taxed when I received it as income...does it get taxed again when I give it as a gift to my father?... |
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 Im confused i know there a lot of these but? |
| will i get my stimulus refund through direct deposit or paper check? because some people say if you filed turbo tax and had them take the filing fee out of your rebate you'll get a paper check ... |
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 How much will i get in this stimulis check? |
| i filed taxes for 2007 and made a bit under 30k and i am married with one child which is 17 months old how much money will i receive in this stimulis check? and when will i be receiving it?... |
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 How much will I get back on my income tax return? |
I made $17,272.14, and they withheld $1,953.32 on taxes. I am a unmarried Tennessee resident, filing alone. Approximately how much can I expect to get on my tax return?
Additional Details<... |
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 How long does a refund take? NOT THE STIMULUS CHECK? |
regular refund? we just filed regular no fast check thing.
we filed our return about april12. any idea how many weeks it should take? also no direct deposit.... |
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 What is a tax write off? |
| i was told if i donate my car it would be a tax write off. does that mean i get back the full value of the car when i file taxes this year?... |
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si1enc3d | Does a high school student working as a cashier need to pay taxes? |
Do I need to pay FICA tax (payroll)? Even if I do, should the difference be this big? ~$70 --> ~$58
Additional Details
they are paying me by check and it was actually $74.25 --> $58.22 |
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drshorty
 |
The previous answer is advocating that you do something illegal.
Whether or not you pay taxes has to do with how much money you make over the course of a year.
When the year is over, you can calculate your total income and see whether you owe taxes. You should do this when you file your tax return statement to the IRS, and probably one to your state government as well.
The practice of deducting taxes from the payroll is a convenience for you so that, if you owe taxes at the end of the year, you won't have to pay them all at once. (It also means that your money gets into the government's bank account and starts earning interest for the government earlier.)
So, if you believe that you won't be making enough money over the course of the year to have to pay taxes on it, you can ask for no deductions. But then if it turns out that you do make enough money that year, you're still responsible for paying taxes, and you'll have to send a check along with your tax return.
If you do get deductions and then you find out that you didn't make enough money that year to pay taxes, you can get your money back when you file your tax return. |
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Chappaquiddick
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FICA and medicare come out to about 7%, so 70*7%=$4.90 cents. This should not reduce your taxes to $58. Look at the paystub that should have come with the check. Perhaps they withheld federal and state income tax. |
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cork
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you can file and recover all taxes paid on income under 9000.00
but social security is withheld... that is for your future retirement.. or poss disability if anything happens |
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Kitty
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YES... anything over $600 a year needs to be claimed. It could vary as per state but pretty much that is FEDERAL guidelines. |
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~sweetheart_kisses~
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Yes you do, if your wroking you will have to pay that tax. |
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sexytrojan
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33% is about right for a high school student.
What you can do is fill out your W-4 form for 3 dependents, so you will get a little more money.
If you do 9 then you will have to pay taxes again in April.
Make sure your Dad claims you also. |
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shaydzofluv
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It depends on how much you make. But remember it would probably be to your benefit because what ever you put into federal taxes you get back even if your parents claim you. |
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bob h
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Put in plain English. You must pay FICA & Medicare taxes as lonfg as you are on a w - 2. The percentage owed is less than 10%. |
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arbolito
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It depends if they are paying you by check or under the table. If it's just cash under the table, then no. |
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