 Who knows if there is a procedure to declare to the IRS if you find some gold coins? |
| I was wondering If you find a little chest buried that has some gold coins inside and you want to declare it how much will the goverment take, you know if they take most of it or they just collect a ... |
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 My boyfriend, who supported me and my kids in 2006 can't claim any of us, is there anything he can do? |
| He has paid for everything from food, housing, clothing, medical and preschool....can he get any deductions at all for me and the kids? It doesn't seem fair that he can't show us as his ... |
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 My hubby has been laid of can he claim dole? |
mu huby has been laid of due to no work can we claim dole even tho im working he was the main bread winner you see.
can we get help with rent. ... |
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 IRS claiming I owe them 850 from my 2005 return...they overpaid me..help?? |
| In 2005 i was out of work for 3 months and liquidated my 401K from my previousl employer to pay rent...I filed my taxes using TurboTax Feb 2006 and input all the information from the distribution. I ... |
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 If I buy stock and sell it in a few months (before a year's time), how much tax will I pay on my gains? |
I live in the state of Maryland.
As an example: I purchased $775 with of stock a few days ago and sold it for $1100 today. How much tax will I pay on this gain? Note that I make around $... |
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 Tax rebate question? |
| Okay, today is the 9th so where is our money? We filed back in feb. and got our regular return a long time ago. We filed direct deposit. The last 2 digits of the ss # is 58 so that means we should ... |
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 Anyone receive their Stimulus Direct Deposit? |
| It is May 2nd, my last two digits "09" and nothing yet! Does anyone else have the same problem?... |
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 If giving rebate checks helps the economy, why dont they lower taxes altogether? |
if they lower taxes by lets say 1/2, wouldnt that be helpful for the economy since your keeping your own money and spending it?
Additional Details
if giving checks is helpful why dont ... |
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 Do rich guys pay Social Security taxes after they retire? |
| I wonder, that if a person that retires (from work), but has interest income large enough to be taxed, does that person collect SS and also PAY SS??... |
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 How much child maintenance (per week) should be? |
| paid if somebody earns £22,000 per annum (for one child)... |
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 Are bonuses taxed at a higher rate than wages? |
| I work in sales and receive a base salary plus quarterly bonuses. It seems that my bonuses take a higher tax hit versus my wages. I've asked for clarification and have received conflicting ... |
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 Wat other options are available for tax exemption other than section 80C? |
| wat other options are available for tax exemption other than section 80c(upto 1 lakh).I have already have 1lakh exemption for LIC premium+housing loan premium(section 80c).What other options are ... |
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videogamer1979 | How can a single man with no dependents, making 30k a year, get a decent tax refund? |
By "decent" I mean at least $2000. |
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Janet P
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That isn't very much money. Did you pay that much in taxes?
Write of your property and any business expenses. |
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digdowndeepnseattle
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either have more withheld from your check each month or contribute significantly to an IRA or 401k. The latter would require about a 10,000 contribution though.
Think about what a tax refund really is...it's a return of money that you already paid to them. Only way to increase that is to pay them MORE (which simply lowers your monthly take home pay) or to lower your tax. Only way to lower your tax is to have a financial outlay (either have a kid, buy a house, contribute to retirement, pay alimony, or get married). I'd say avoid every one of those scenarios if you're just looking for a refund as they are more expensive than your 2k refund hope! Which means you're back to withholding more and having the IRS act as your personal savings account. |
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STEVEN F
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Assuming you are paid every 2 weeks, $2000 = $77/check. You will get a $2000 refund if and only if your withholding is $77 per check more than your tax liability. You are better off getting the $77 in each check than loaning it to the government interest free.
That said, you really want to know how to reduce your tax liability. That is the amount the IRS actually keeps. Contributing the maximum to your 401(k) or an IRA is a good start. If you do not own a home, buy one. You should be able to find something for not much more than rent and your property tax and mortgage interest are deductible. You are already paying these for your landlord anyway. |
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zyberianwarrior
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only way is to have a house. as for the driving deductions going to there and then back home is NOT deductable. To get that deduction you have to have a third stop. (This includes charity work). if you can prove you have a vehicle used exclusively for yoru business then you can take a deduction from that. |
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jebediabartlett
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Take out a Traditional IRA...it lowers your "adjusted gross income", so whatever was withheld should be more than enough to cover your "tax" ( and it can't hurt to put money away for the future)
The only other option is to increase your " withholding"... are you claiming " 0 "? Even if you are, you can have your employer withhold a little more ...you might not miss 10 or 15 bucks a week and you will most likely get it back ( in a bundle) next time you do your taxes. |
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philosophynerd
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It all depends upon how much was already automatically deducted from your paychecks throughout the year. |
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SHEILA S
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Buy a house |
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sprydle
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Vote democrat and maybe they'll bring back the marriage penalty...just kidding. The more you pay the more you get back you'll want some deductions so incorporate yourself.
I drive 60 miles back and forth to work everyday so if i'm self incorporated i can write that off as a business expense. Since i DJ on the side i can lease my notebook and write that off as well (i lease my computer and some other items because it helps cash flow and doesn't show as debt). The food i buy and music i buy is a tax write off as well. I am my business. |
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