 How can i file for my 2008 taxes? |
| I just moved abroad to the UK but i know i need to pay my taxes in the US for 2008 how could i go about filing next year in january when i live in another country? Any advice would be much ... |
|
 Does a person working and living abroad have to pay council tax? |
Additional Details
My daughter has been living abroad and now the council have sent a bill for me to pay the back tax since she has lived abroad,I am the owner and claimed single person ... |
|
 As a freelancer, can you claim a home office? How much do you get on your taxes? What are the rules on this? |
Additional Details
Wow! this is great news. I have freelanced for more than a year now. We have a spare bedroom that is my office. (We also store stuff in there too- I hope that is ok) ... |
|
 Can you please help me? |
Can anyone please tell me where i can register for a VAT number for my business. Please it is very important.
Thank you in advance
Additional Details
It's a clothing ... |
|
 Where can I pick up federal and state tax forms? |
| I know that I can down load the info but I want the hard copy instead.... |
|
 Should Murphy sell Barry bond's record breaking HR ball for less than the value? |
| Murphy, who caught the ball will sell it because he needs to pay the tax for the value of the ball. The tax is based on the value of the ball. Could he sell the ball for ten dollars ($10.00) and ... |
|
 My calculater just broke but i need these worked out please? |
just doin the VAT return when it broke but i need to work out 21% of each of these figures please help :) these are the gross numbers and i need to ind out what the vat is thank you
474.93<... |
|
 I want an estimate of what i will receive back for my taxes this year.? |
| Im newly married this year, we just bought a house i am a student at a US university, also my gross pay for the year was 13,359 and net pay was 10,804, i clamied 0 on my forms, i paid 1226 to federal,... |
|
 Can an employer withdraw taxes and not pay them? |
I had two different employers in 2007. Just received my Social Security statement. My salary for one employer is listed. My salary for the other (former) employer is not listed.
I checked ... |
|
 If i didn't work for the year and received $2400.00 in spousal support can i file taxes? |
| I'm divorced and got the two children as tax deductions but I didn't work ta all for the yaer and only got $2,400.00 for the year in spousal support can i file ... |
|
 Why did i only recieve 300 for my rebate checks? |
| I worked PT, im a single female in school. I only made $14,000 and my refund was $1100.00 from my taxes.... |
|
 File your babysitter on your taxes? |
Hello,
Is it worth filling what you pay your babysitter on your taxes? Do you get all the money back?
Thanks!!!... |
|
 Inheritance Taxes? |
| I just got an inheritance and I live in NYC. What is the percentage of taxes I would have to pay the IRS?... |
|
|  |
zemoman | How come I end up owing the Gov more than $1600 in taxes, is not fair? |
I make 40,000 a year
I won 3000
I had 2100 in medical exp
I paid 400 to donations
I had business exp of 400,
and now I have to pay $409 state, and $1300 federal, nothing make sense anymore.
If I put more money in the 401K plan, let's say 40% of my income, can I save more money on taxes? can I get money back next year when I do my taxes? what other ways can I save on taxes and end up getting money back????
I know I have a lot of questions, I just can't help it, I'm really pissed guys....
Help me out. |
 |
 
hokie99
 |
It appears that you will not be able to itemize with the information you supplied, so the medical expenses and donations do not help you. The average taxpayer that itemizes has mortgage interest to help them get above the standard. Also, even if you were able to itemize your medical would still not count as it would not meet the AGI floor requirement based on your info. You would only be able to deduct anything over about 3200 in medical expenses. As far as the 401k you would definitely pay less tax if you max out your contributions.... if it is pretax contributions. The tax would be collected when you cash in the 401 k later down the road. One thing you could do to minimize your taxes for 2007 is make contributions to an IRA in 2008. This is the only deduction you can take in this year that will benefit last years taxes. Finally, its not about getting money back. You should strive to pay all of the tax owed through estimated payments or witholding through an employer. If anything you would rather write a check for a small amount to the IRS at the end of the year instead of them writing you one. Dont give them the interest free loan....they will not do it for you. |
|
Sheila
|
I doubt if you're having enough taken out of your payroll for federal taxes, decrease your exemption number or go with 0.
PS We always have to pay the state, even when we were state employees. This year we are getting a hunk back from federal and still owe state. |
|
Judy1
|
Apparently you didn't fill out your W-4 properly, and didn't have enough taken out through the year. Some of the problem was that $3000 win, if you didn't have tax taken out of it or didn't have enough taken out.
You don't have anywhere near enough in deductions to itemize, so will take the standard deduction.
Check on what is on your W-4, and change it so you get enough taken out.
If you put money into a 401K, then yes, that will decrease your taxable income so will decrease your total tax. But your withholding would also be smaller, so if you don't fix your W-4, you'd probably owe again next year. |
|
Nic
 |
Try asking your boss to withhold more. Thing is taxation is bracketed. I have around the same income and used to be considered self employed. That was a *****, ended up owing like 7k one year.
The winnings probably did you in. I think its like 40% on winnings but im not sure about those numbers.
Only 2900 in writeoffs. I usually include tuition when it applies and anythign that relates to work.
I would assume that there is a cap on 401k writeoffs.
Taxes are unavoidable and so are teh expenses just plan for them and count on the gov taking about 35-40% every year.
Look into your witholding amount and put aside any moer you think will be needed. Buy like a short term CD or soemthing relatively secure and invest the money untill april.
That or have like 10 kids. |
|
john t
|
You better talk to HR Block-something is wrong-let professionals fix it for you.I get back thousands more than when i did the taxes myself.They can tell you what to do.It is money well spent. |
|
Ms. Angel..
|
Did you not have any tax withheld from your pay? How many are you claiming on your W-4.
(you should of at least have $6, 600.oo withheld during the year).
Contact your congressman to make changes on the federal taxes. |
|
Brian J
|
How much in federal taxes did you have withheld from your paychecks for the year? |
|
rs4979
|
The government scams! For 2 years ive had to pay the state. As if the 6k they got throughout the year wasnt enough. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 32 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
