 Claiming yourself as a dependent on taxes? |
| someone told my husband you can claim yourself as a dependant on your income taxes. some websites say yes, some say no. what do you say, yahoo?... |
|
 Can I claim my boyfriend on my taxes? |
| We have been together for 4.5 years we've lived together the past 3 years he doesn't make over 3000 in a year, he is a US citizen and i pay all the bills. If so what would i put him as on ... |
|
 Can somebody show me the law that says I have to pay an income tax? |
1) No, I'm not a tax protester.
2) Yes I'm asking because of information I've heard from a tax protester.
3) No, Title 26 does not specify that YOU have to pay an income tax, ... |
|
 Can i claim my daughter on my taxes? |
| Her mother does not work and lives with her mother and my daughter. I pay child support . Can my ex girlfriends mother claim her over me.... |
|
 How to fight this government to stop increasing the taxes? |
| What do you think , if all of us in the Uk to send thousands of e-mails to our local MPs , to tell them stop putting taxes up and up every time, we are struglling to make a living and they are ... |
|
 How much is taxed from £6? |
| Anyone know how much you get taxed if earning £6 an hr? should get about £300 but doubt it will be that much after tax.... |
|
 How does it work donating a car to charity? |
| I just brought a new car and i do not need my old car anymore so i am considering donating my car to a nonprofit charity. what my concern is how would that work as far as my taxes go? would i claim ... |
|
 Do not do your taxes with HR BLOCK.? |
| Do not do your taxes with HR BLOCK. I have had my taxes done for over 15 yrs and the last 3 yrs I have nothing but problems. That emerald card they can put the tax return on is fast as heel and they ... |
|
 What can I do if my ex signed my name on a tax refund check that was supposed to be equally divided? |
| We were legally separated at the time and per the divorce decree agreed to file our taxes jointly for 2003. Needless to say, the taxes didn't get done and sent in until Fall 2006. He informed ... |
|
 What is 2.75% of 13,800 dollars? |
| i need to register my car and i wanted to find out the amount id need to pay so what is 2.75% of 13,800 dollars?... |
|
 How do you figure out sales tax for $24.94? |
| the sales tax is 7.25% i'm buying something at a store which costs $24.94 fastest right answer gets points after you tell me how tell me the total that comes ... |
|
|  |
student | How much money should I set aside from my paycheck if taxes are not being taken out? |
I am a full time student. I am single and live on my own, but my uncle owns the place and I do not have to pay rent. I got a new job being a nanny. I make $15 an hr, and I work about 11-16 hrs a week. My employers do not take out taxes, but they claim it on their taxes. My question is how much (%?) should I put aside since I will have to file (I believe a w-9). Do I have to pay TDI? I live in Rhode Island |
 |
 
abstractfallacy
 |
30% |
|
wartz
|
As a nanny, you are a household employee and your employer is OBLIGATED to withhold Social Security and Medicare taxes if you earn over $1,500 per year. Based on your hourly rate and average hours worked, you would owe about $200 in income tax and $800 in Social Security and Medicare taxes. You should report your wages on IRS Form 8912 and pay the employee half of the tax then let IRS worry about how to deal with your employer. |
|
lewis j
 |
It is around 25% in Minnesota at least |
|
pstottmfc
|
Are they recording what they pay you and claiming it as an expense on their taxes? If so then you may have to declare it - otherwise it may be possible not to (especially if you can get them to pay you cash).
If you will have to declare it then check out by how much your pay will exceed your personal tax deduction amount. You might have to pay no tax, or minimal tax..depending.
I would not tell anyone about not having to pay for your room & board or they might try to tax you on that as "income". |
|
jf_stanfield
|
It depends on how much you make. Target: 30 to 35% |
|
regizzy
|
To be on the safe side, I'd hang onto 30%. You're not making a lot of money at the rate/hrs worked and probably won't need to pay that much but to avoid having to come up with cash next April, 30% should leave enough of a cushion |
|
v b
|
Pay attention. You are either an employee or you are not. The decision is *not* left up to the person who pays you.
If you work for one family only, at their home, following their schedule and their instructions, you are an employee. As such, they should have had you fill out a W-4 form and withheld income taxes accordingly. (It is possible for a household employer to pay the Fica/MC taxes themselves, but the W-2 will reflect this by ramping the income up to include the part paid by the employer.) At the end of the year, they owe you a W-2.
At 11 hours a week at $15, your pay was at least $165. If your W-4 showed single 0, 1 or 2, there should have been income taxes taken out.
*YOUR* employer apparently is planning to hand you a 1099-Misc and claim you were an independent contractor. He is passing the burden of paying all payroll taxes on to you. (For an 11 hour week, that's $23.) Since he is failing to withhold any income tax, putting enough money aside is another burden he's passing off. You also have no ability to file for unemployment.
No surprise though that he handed you a W-9 and/or a W-10 form to get your name, your address and your SSN...information he needs to claim what he's paid you as a child care expense on his tax return.
IRS publication 926. |
|
Eric K
|
You need to figure out your tax bracket first - then put asside that much to cover the taxes. you may wind up getting it back, if you don't make enough in a year to qualify for having to pay in - but that amount is very low. |
|
killbasabill
|
Put aside about 30% and if you do not meet the minimum requirements for filing, the money is yours to keep and spend any way you like. |
|
lisalisa
|
Make sure you do it because if you dont they will catch up to you one day
Good luck |
|
kwflamingo
|
Look at putting aside 1/3 of your gross. Because you're a student and you probably don't make too much, you may qualify for an earned income credit as long as you annot be taken as a dependent on anyone else's return. Look at it this way, if you end up not paying, you'll have a nice little savings account. |
|
southron2002
 |
In general, 23% or roound it off to 25. The FairTax Act is based on 23% and I questioned that.
SO... I took all my tax returns from 1985 on and put them on a sheet . Fed + SS+ medicare divided by gross averaged 23%
go figure !
Of course all this will be moot when the FairTax Act H.R. 25 passes and replaces all income taxes with a single sales tax on new items. The FairTax now has the support of hundreds of thousands, 72 congressional sponsors / co-sponsors, and 7 presidential candidates, and over 70 economists. See www.fairtax.org So tell your congressman to pass H.R. 25
Fundamentals and facts http://www.fairtax.org/PDF/FairTax-Funda...
Frequently Asked Questions about the FairTax http://www.fairtax.org/fairtax/faqs.htm |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 21 minutes(s) ago
| | | |
12 | 29 minutes(s) ago
| | | |
12 | 51 minutes(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 1 month(s) ago
| | | |
12 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
