 Inland reveue sent bill for £7000 but im not self-employed? |
| My husband got a bill from the inland revenue as he has a cis card but has never used it as he works from a company and pays tax and ni through is wages. What sould he do about the letter. they have ... |
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 Can I claim my daughter, who lives with me, she has earned 2600.00? |
Additional Details
she is 20, and a part time student, and she already filed.... |
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 I still haven't received my federal tax refund, what does this mean? |
I filed a couple weeks before the due date in april, I haven't received any response or my refund. What gives??? They would have let me know if there was a problem, correct?
Additional D... |
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 Can my parents claim me as dependent? |
| im 25 was a student in college during 2007 lived with them can they claim me or should i claim myself on my returns? i made less than 3000 on 2007... |
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 If I Inherited a house (paid $0 for it), and sold it 20yrs later for $15M, what will I pay in taxes?Fed/NY/NYC |
The house has been in my family for two generations (I don't know if that makes a difference).
Any guidance would be greatly appreciated, and if I missed any "key info" ... |
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 WHY does my mother have to pay tax on my late father's pension? |
| when he was alive he worked 42 years with British Gas and paid all his taxes, my mother is in fact getting taxed on money my father had already been taxed on. and why does my ex wife pay no tax on ... |
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 I cashed out on a small 401K from a diffrent employer and all I got was a check 1700.. Out of 5400 in.. Why? |
| I worked in a small company a few years ago and I had a 401K plan that I forgot about. I decided to cash out since I am well with my company that I am at now. I had 5400 in my 401K and I received a ... |
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 HELP PLEASE! WHY did my husband and I only get 600 dollars for our tax rebate/stimulus?? |
| We were both self employed in 2007 and paid several thousand in taxes. We got our rebate check yesterday FINALLY and it was only for 600 dollars for the both of us. EVERYONE else we know got 1200 per ... |
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 W2 Form handed to me? |
So, my employer just handed me my W2 form. Ive never done taxes before. What do I do with it?
Simply put, how do I file my taxes? and how does the W2 help?... |
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 How Quickly Are Stimulus Checks Coming? |
| Well, I thought we were going to get direct deposit way early since we got our refund direct deposited, BUT since we used a online tax service, we were not eligible (No one ever told us that so we ... |
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 Could the IRS tax me? |
| if i bought a ball at walmart for 1$, and then became a famous baseball player, and sold the ball to some fan for 1million? Would they tax the 1 million?... |
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| Can someone tell me if its true that if you make more money less get back in taxes? |
| Someone told my husband bout that he wasnt sure if its true or not. Because he don,t know he can find out his friend does his taxes.... |
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Elizabeth H | How much of a tax return will we get with 3 kids, making like 50k this year? |
Additional Details
just a ball park amount- we live in OKlahoma, we are military- it doesnt have to be an exact amount- just a quick figure.
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Judy1
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It depends, among other things, on how much you had withheld. There are other things that can make a difference, but that's the biggest one. After taking off the standard deduction and 5 exemptions from $50,000, your tax should be a little under $3000. The child tax credit should wipe that out, so you'd get back approximately what you paid in - you should be able to find that on your pay stub in a YTD (year to date) area.
This assumes that you're eligible for the child tax credit on all three children. If they're all under 17, you're probable eligible for the credit.
Good luck. |
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mystique_1959
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No-one can even guess when the only figure you give is the income. Try re-writing your question and include: TAX PAID, major deductions etc
Then someone may be able to give you a very rough estimate |
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johngrobmyer
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Without more information, any figure could be way off. Do not listen to answerers who try to give you a refund amount. |
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Phoenix, Wise Guru
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This question is ridiculous. No one knows how much you have paid in, what deductions you can take, or what state you live in. |
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STEVEN F
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Without knowing how much was withheld, there is no was to estimate your return. That said, I will attempt to estimate your tax liability using the standard deduction. You can go from there.
Assuming Married Filling Jointly
Federal Income Tax
AGI: 50,000
Standard Deduction: 10,300
Personal exemptions (5): 16,500
Taxable Income:23,200
Tax:2.729
OK Tax
AGI:50,000 (assumes no adjustments)
Standard Deduction:3,000
Personal Exemptions (5):5,000
Taxable Income:42,000
Tax:2,069
NOTE: I originally answered for 2 kids. I have edited my answer for 3. Any child care or EIC credits have been ignored for lack of information. |
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Wayne Z
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If you had too much withheld, you will get a refund. If you did not have enough withheld, you will owe.
That is the only answer you will get based on the facts provided. |
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smartypants909
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That's why people pay money to places like H and R Block. |
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shaydzofluv
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Check out my website and on January 2, 2007 I will be able to tell you haw much you are getting back with your last paystub. WEbsite is below click on Taxes. |
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NANA
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You could get around $680 (add'l child tax credit) plus taxes withheld. I am considering just standard deductions. If you have child care expenses, education credits, itemized deductions, etc. you need to add that up. |
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