 Extortionate prices? |
| today i was charged £3.80 for one beefeater tomato and £5.64 for two large mushrooms,i complained to the supermarket manager who said the prices were correct,in no uncertain terms i told him what ... |
|
 My husband and I were separated for the whole 2007 year, but are back together.? |
| Should we file taxes separately? We have one child. My gross income is in the lower $20,000 range and his is close to $45,000. Would we get a bigger return if we file together or separately?... |
|
 Why wouldn't a flat tax work? |
It seems like a fool-proof way of doing business. Come up with a budget--divide by the total earnings in the USA, get your percentage and leave us alone.
Other than putting countless Tax L... |
|
 Has anyone got there federal refund yet? |
Just wondering I know there is a lot of talk about people getting it tomorrow, Where's my refund is still telling my the 3rd. Some people are saying the 28th now. What the heck is going on?
<... |
|
 How do you calculate the VAT content of a purchase ? |
with UK VAT now at 15% how do I work out how to calculate the VAT proportion of a product.
... |
|
 How Many tax deductions on my W4? |
| I am married and my spouse works, we have one child, we own a home and I pay for day care and I have student loans. How many deductions should I claim on my W4 to break even??... |
|
 Can I still do my taxes if my mom is claiming me as a dependent too? |
| I worked a few months out of the year and was wondering if I can do my taxes if my mom is claiming me too? Will it mess anything up?... |
|
 Question about claiming a child on taxes? |
| is it possible to stop someone from claiming a child on their taxes? (my son's father doesn't do anything for him and im worried he might try to claim him on his taxes)... |
|
 Why don't they deduct taxes from babbysitting jobs? |
| Babbysitters are mooching off the system by not paying taxes like everyone else. Shouldn't parents be also fined for employing undocumented and underaged workers under-the-table?... |
|
 Its 2008, i forgot to do my taxes in 2006 can i still do it? ? |
| yup taxes season is around the corner and i realize that i didn't do my taxes in 2006, so im wondering if its still possible to do my taxes from that year? if so, any suggestion on how to get my ... |
|
 Tax Question: Possible to have a greater $$ amount of itemized deductions than income? |
Me and my friend were talking the other day and she was telling me about her taxes and it made me little worried. okay, she
owns a small business, married (spouse not employed) and a home. Her ... |
|
 In my Lifetime I will pay thousands of dollars in SS? |
| But when it comes time for me to use it in 2055 the system will be broke. so shouldn't I be excused from paying for it?... |
|
 Our national debt is REALLY $49 TRILLION - not $8.3 trillion - who pays this back and should Bush go to jail? |
| Harvard and Rhode Scholars under the US Treasure Department are now reporting the Bush admin. lied and the true national debt will shock many people. If so, the country is bankrupt so the Bush Adm. ... |
|
 Get married without CPA/accountant knowing? |
| OK..here is the deal. My Dad is a CPA/Accountant and does my tax return each year. I'm 21 years old. I want to get married to my girlfriend but I don't want him to find out. Is there a way ... |
|
|  |
nnanppg | Got a negative tax return, is it normal? |
I am filling in my 2006 tax return by Turbo Tax on line. This is my first time to use this program. I was so surprised finally I got a negative return which means I will have to pay more tax. Is it normal?
I am married and submit the tax return with my spouse jointly. We bought a home last year and are still paying our mortgage. So we suppose we can get more return this year.
anyone has some comments? |
 |
 
STEVEN F
 |
I PLAN to owe the IRS a small amount each year. Why should I give them an Interest free loan? I prefer to have the money myself. If you learn how withholding works, you can actually decide at the beginning of the year the approximate amount you will owe or be refunded. |
|
bostonianinmo
 |
You don't "get" a "return". The return is the form you file with the IRS that lists your income, exemptions, deductions, etc. and shows your tax liability, payments, and either a refund or balance due.
If you owe at the end of the year it means that you did not have enough tax withheld during the year. It's pretty common for married couples to owe at the end of the year if they don't prepare the Forms W-4 at their employers properly. This is especially true of one makes significantly more than the other does.
You need to prepare your W-4s together and use the worksheets on page 2 to account for any itemized deductions and the impact of having 2 earners in the home. The number you come up with is the total number of exemptions you can claim between you. It's also likely that you'll have an additional amount on line 6. One of you needs to have that extra amount withheld from your pay to ensure that you come out right at the end of the year. |
|
kattsmeow
|
Without more details, it is hard to answer your question. Did you and your wife change your deductions (exceptions) at work through payroll after or before you purchased your house figuring yours have a larger refund coming back? Did you include the interest, taxes from your settlement sheet in you tax return? Did you buy your home toward the end of the year and not have much interest to deduct? All these thing would explain why you might owe taxes instead of getting a refund. Go back through your deductions and your withholdings. Compare your withholding to the withholdings you had last year. That may tell the whole story. |
|
Grampa
|
It's normal nowadays. Since we have to pay for the needs of countries other than our own, you can expect the government to hit you in the wallet. I end up having to pay in excess of $1000 each and every year. It has been this way for years and I don't look for it to change as long as the Republicans are in office. |
|
J F
|
It is certainly not "abnormal".
I am almost in the same situation you're in. Filed tax jointly and just purchased a home last year. I used H&R Block and it showed I owe more taxes.
2 contributing factors comes to mind:
1. You and your wife made more money last year than previous years. (a good thing I'm sure but it also means more taxes)
2. You did not increase your tax withholding on your W-4. (you can find a copy here: http://www.irs.gov/pub/irs-pdf/fw4.pdf) Submit to your employer/HR.
To keep my tax obligations low I am now consulting with a CPA to determine the maximum amount of deductions/adjustments I can take.
Also, Turbo Tax and H&R Block both have premium softwares online on top of the free version they offer online. They will cost more but they give you more advice and suggestions for deduction. Nothing is free.
H&R Block also has a package where you can speak with a consultant over the phone or you can visit one of their offices for no extra fee. I have not tried it but it might benefit you.
Also, trying to set up a home business will allow you to take more deductions by claiming business expenses. Again, you may need to consult with a professional for details.
Hope this helps. I am still digging for more deduction opportunities. |
|
Kevtech
 |
Does your employer know you are married? If not you would be paying tax as a single person. |
|
Stuck in the middle of nowhere
|
I live in Canada and here "the more you make, the more they take" we haven't got a tax return for 6 years, always have to pay, maybe go to an accountant to get your taxes done. |
|
Pauly
 |
This all happens because (most of the time) your employer did not upgrade the percentage in his books if you were making more, got a raise, bonus, etc. Also it sometimes goes up when different things in your life changes, marriage, house purchases, children etc. |
|
wdyspnky
|
go to citizens advice |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 11 minutes(s) ago
| | | |
9 | 43 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
