 Poll: Do you want the FairTax to be enacted? |
| The FairTax is a bill in congress that would eliminate all federal taxes and replace them all with a 23% national sales tax. A rebate is issued to everyone for the calculated amount of taxes spent on ... |
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 Tax. how do i calculate it? |
okay so the price is 23.18 and the tax is 7.5% what is the price after tax.
can you show how you did it.
thanks!!!... |
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 2007 tax filing status? |
| I filed my 2007 tax's and also did receive the refund through direct deposit. Would like to know if I would be receiving any kind of acknowledgment from the IRS stating that my 2007 filing was ... |
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 Do I have to report my W2? |
| If I only worked for a company for less than two weeks do I have to report that W2 on my tax'... |
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| Why is it when you're single...no kids...you pay a ton in taxes!!! UGH!? |
| No wonder people are having kids like rabbits!! :( I think you should get a tax break if you--wait until you wed to have kids...it seems like the government $crews people who try to follow order! S... |
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 I'm going to start a internet business do i have to pay taxes? |
| is it required to pay internet business taxes. Because i've been looking and all i've seen is that 13 states make you pay. And texas is not required to make you pay income taxes.... |
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 What is the personal income tax structure in USA? |
| I am coming to USA and say for example if I make US$ 30.00 per hr., What will be my yearly income and how much tax I will have to pay? I will work say 8 Hrs a day with my status in USA on H1B visa.... |
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 I got my tax rebate / stimulus. WTF? |
Where's the rest of the money?
I only got $300 and i'm trying to figurer out why. I made a little more that $10,000 last year(not married, no kids, could not be claimed, blah blah ... |
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 How do i claim income made uder the table? |
| i made some money last year that i din't get a 1099 for because it was made really under the table but i want to slaim it on my taxes do i need to get proof of that income ?... |
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 How much tax will I have to pay back? |
| During the summer I had a contract job that did not take taxes out of our paychecks. I asked a co-worker how much we'd have to file back and his reply was, "I'm just not gonna bother ... |
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 Do I have to have my ex husband's social security number to file my taxes? |
| I went to H&R block and tried to do the online tax preparation, but I can't get by without his social security number. The problem is that I have no way to get his social. I don't talk ... |
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zar z | Does students also need to pay Income Tax? |
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hmmm...
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Yes. However, most students don't make that much money, so they are usually given a full refund (and if they qualify, they may receive more than a full refund). |
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G-man
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Every person, who meet certain criteria, is required to pay taxes, no matter how old or young. The criteria simply being how much income the person has in a particular year.
So, the fact that you are a student does not exempt you from paying taxes (US, that is). You are, however, entitled to several tax credits because of your student status. (education credit, hope and lifetime learning credit, student loan interest deduction, etc).
Since every taxpayer is entitled to a 'personal exemption' and a 'standard deduction', if your income is greater than these two deductions in a year, then you will have to file a tax return. |
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stock_sniffer
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Only pertains to U.S. Federal Government employees as only legal for them to use 1040 Form. American Citizens are exempt, as are non-resident aliens in relationship to the foreign corporation operating out of Washington, DC called the UNITED STATES OF AMERICA, INC. incorporated 1988 by the STATE OF DELAWARE as non-profit religious organization. American Citizen and UNITED STATES citizens are foreign to each other. American Citizens can voluntarily give up their Constitutional rights to voluntarily become U.S. citizens as Debtors to the shareholders of the FEDERAL RESERVE, because the government lost its sovereignty by going bankrupt in 1933 by a preconcieved meetings in Zurich, Switzerland in 1930-31. |
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Lady in Red
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I'm also wondering if you are referring to paying or filing. It makes a difference if you are strictly a student or employed anywhere, if you are claimed as a dependent on your parents income tax return, what kind of financial aid that you receive (Pell Grants and student loans are not subject to taxation).
If you have any real questions about money received from school, the financial aid office should know if it is taxable or not (I would hope...they are handling federal dollars...I would hope someone in the office had SOME knowledge). |
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soleil_fairy
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No they do not in NY. |
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mmandkk@swbell.net
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You need to learn Grammar!!!! |
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krissydahs93
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A student would have to pay taxes if they made over $400 in a year. If they are a college student, they would have to pay taxes on scholarships and other award money that is designated for room and board because it's considered gross income (money for tuition and fees is not).
There are two tax credits you can take: the HOPE credit and the Lifetime Learning Credit. The HOPE credit is 100% of the first $1000 and 50% of the next $1000 for a total of $1500 (remember, this is for tuition and fees only). This is good for the first two years of college education.
The Lifetime Learning Credit is 20% of tuition and fees up to $10,000 ($2000 total credit). This applies to both part time and full time students.
BE CAREFUL!!! If you make between $42k - $52k, the credits are phased out, which means you have to do some calculations to see just how much you can claim. Also, if you are claimed as a dependent on someone else's return, you can't take the credits - they can. |
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Rina .
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if they are earning and are providing more then 50 % for themselves, then of course they have to
and its good in a way though, cuz you will get most of the money taken away from you back, and if you are paying for your tuition then you will get education credits as well... |
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Jonny Propaganda
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yes if you make over the minimum, but there are usually enough deductions for you to get it all back. |
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