 I have just been reassessed by the CSA and they have left me the equivalant of an unemployed persons allowance |
to pay my utility bills which includes my council tax and food.Unemployed people as far as i am aware do not pay council tax..Has anyone else had this kind of problem and had a successful outcome?
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 Do I need a Tax ID number? I'm SELF EMPLOYED, HELP!!!? |
| I'm starting my web design business, but don't know how to get a tax id number or what forms to fill out or anything. I am the only person working, no employees or anything, just me! Does ... |
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 What are the COOLEST cell phones? |
| my friends and i always talk about the newest and coolest cell phones. but i no NON of them. so if you could please help me find out about the phones. thank ... |
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| hI,i have a question, according to the calculator, i will get a rebate of $600(i used the info to calculate according to my 1040ez) and i checked the status of my rebate and when will i get my money, ... |
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They froze our bank accounts because of an issue on our taxes from 2005. They said if not paid in full in 21 days they will take the money from our accounts. I have some questions.
1. How ... |
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| At one point, one of my friends had lost a job in Jun of 2006, that he worked at for a long time. He reported his income to irs the next tax year in april 2007, as usual through the proper forms. Got ... |
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 How do we get our income under $250k ? |
Is the question being asked by millions of small business owners.
Additional Details
maybe if I just let one employee go?... |
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 Tax Return: Single woman, no dependents. Will I get a tax refund? |
| I know this is probably a complicated formula, but if someone could give me a general idea, I'd be grateful. In 2006 I made (gross) $18,424. I paid 1,648 in federal taxes. I'm single, no ... |
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 Should tax on gas be higher in the US? |
Please could you also say why you think yes or no. And if yes, what should the extra tax revenue be spent on, or which taxes should be cut to make up for it. thanks
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US ... |
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 I don't have taxable income, but i have a mortgage, how do i get a refund on the interest i pay i'm a d.a.v. |
| i'm a disabled veteran and on social security, can i file taxes on non taxable income and get a refund on interest i pay on my mortgage?... |
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is there a certain age group, income amnt limit and / or minimum, that you have to be in to get it and when are they starting to send the checks?
Additional Details
is there a certain ... |
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raheel312 | How many tax exemptions should I have? |
I work full time, no kids, no mortgage, no school, no car payment, etc... I dont know what else exempts you from paying taxes. I heard the lower the number the more taxes they take out, but you will get more on your return. |
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Steve
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You should claim 1 exemption for every $3400 in deductions that you plan on having.
It appears that you will not be itemizing. Therefore, your total deductions will be $8750 for 2007 as long as someone does not claim you as a dependent. That means that you can claim 2 exemtpions and still have a small refund or 3 exemptions if you want to owe a small amount. If you can be claimed as a depenent, then reduce the previous exemptions by 1. |
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Steve P
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Here's what you need: owe nothing more, get nothing back.
Ideally, when you figure your taxes at the end of the year, you should owe no more than what has already been withheld from your pay. Alternatively, you should not be getting a huge refund.
So, you need to go to the IRS website and look at the tax tables. Use the Standard Deduction and calculate accordingly. Since we're over half way through the tax year, use the numbers on your pay stub to calculate your whole year's earnings and with holdings. Adjust accordingly, if needed.
If you're getting a huge refund, that's money the government borrowed from you at no cost. If you owe a huge amount, there could be additional penalties, as the IRS frowns on it. |
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Judy1
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Claim one and you'll come in pretty close to even at tax time. Ignore the response that tells you that if you're a full-time student you are tax exempt - that person is flat-out wrong. And the person who tells you to claim three is wrong in her reasoning and is setting you up to owe money when you file. |
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Starte Christ
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You are screwed until you become wealthy. |
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Don
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If you are asking how many dependents should you put on your withholding then the answer is 1, unless you are married then it would be 2. Some folks inflate these numbers so less tax is taken from their check, but then at the end of the year they might have to come up with extra money to pay their taxes. There are a lot of tax exemptions you might be able to take, here are just a few: Charitable contributions, office in home, mileage for doing charity work, large medical expenses etc. Perhaps you should look into buying a home then at least you would have an interest deduction. |
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De
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none... but depending on if you have any interest bearing accounts then you may get a lesser amount... |
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TinaLovesCats
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If you are alone, no kids, etc. I would claim 0 exemptions on your W4s for state and federal. This way they will take out more money during the year, but you will end up with a bigger refund. If you want a few dollars more every month, then you will need to claim 1 exemption for yourself. The more exemptions you take (and dont need) the more money you will keep, but when your taxes are calculated next year - you will regret it! Your refund will be lower or you will owe. So stick with 0. |
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Marsbar
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You should always claim yourself, since the money they are taking is a huge amount anyway. By not claiming anyone you are actually losing money since recent tax laws have changed. People are now starting to claim the one because the calculations that the IRS is using you actually lose around 500 a year by claiming zero deductions. If you take an online course you can claim tax exempt since you are a full time student, but you must work the approriate hours every day online to continue your education. Good luck |
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