 Can you file two tax returns when married? |
| Wondering if anyone knows if you can file two seperate tax returns for a married couple, with filing married jointly?... |
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 Tax return on work uniform purchases? |
| I recently got a job working at Pac Sun in California, and unfortunately like any working person I must now pay taxes at the end of the year "/. However, at my job orientation we were explained ... |
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 What's the best way to cash out your IRA? |
Let's say, after 30 years, I have $500K in my IRA.
Can I transfer these funds directly to a house without being taxed? Or simply, is there any way I can touch this money without being ... |
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 My Husband get offer working in UK, income between 30,000 - 35,000per year. ? |
| enough or not for my family living in UK with this income? We now in malaysia.... |
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 My girlfriend did not file taxes the last 3 years and now has done them and owes 14k will IRS take settlement? |
| Is there a way about going where the IRS will take a settlement 2 of the 3 years she did not even know she was supposed to file what possible avenues does she have she has already sent in her last 3 ... |
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 How does my tax rebate get refunded? |
| i received a letter saying i overpaid tax by £2000 last year. how will this get refunded back to me. will they change my tax code for this year? or will i receive a lump sum?... |
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 First job. Am I on right TAX code? Can I earn £5k TAX free? |
Hi, i recently started work for a well known bank. This is my first job since leaving uni. I have been on JSA for around 5 months. I am currently 23 years old if that makes a difference.
I ... |
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 My baby is due on 3-14-09. When she is born, can I claim her on my taxes for 2008? |
| If she is born around her due date (3-14-09) and I got her SS# before April 16th can I claim her?... |
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 Is it possible to file taxes early?I need Xmas money? |
| I just loss my job and probably wont get unemployment.I am sure i wont find a job before the first of the year.I am probably going to get a 4-5000K refund but ive always filed mid jan to early feb.... |
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 I missed my investment on 31 march for MF for Tax savings. Can I invest after 31 st March for last year? |
| I needed to invest around 25,000 for getting full benefit of Rs.1 Lac exemption before 31 march. I missed the deadline .Can i still invest this amount and save on tax for last financial year ?... |
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 Who gets to claim the kid on taxes? |
| Okay I have a four year old step son and his mother technically has full custody, we get him every other week anyways my question is if she claims him on taxes is there anything that we can claim him ... |
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 Itemized tax deductions? |
I am a real estate appraiser and my boss is withholding taxes. I received W-4 for the income I earned last year. Typically appraisers are treated as sub contractors and receive 1099's.
... |
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 Turbo Tax/ Stimulus check? |
| My mom got her stimulus check and I used Turbo Tax to file her refund, however I paid for the fee using a credit/debit card. It was directly deposited into her account this morning. For all the ... |
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thatgirluknow | How much will i end up paying in taxes if i win a $70,000 car? |
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 |
 
Tim
 |
$70,000 |
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Jeff
 |
If you win the car, you have to count the value of the car on your income taxes. The Feds will want about 27% of the value of the car for taxes, or $19,000. Your state tax will vary (That's why I moved to Tennessee, no state income tax.)
Also, be careful with a prize that big. Most workers have their taxes withheld, but the law says that if you don't have it withheld (such as the tax on your prize), then you have to pay ESTIMATED TAXES at the end of the QUARTER, not year, that you won it. Quarterly taxes are due on April 15, July 15, October 15, and January 15.
If you won it in June, you have to pay the taxes by July 15.
If you owe too much on your 1040 that you file on April 15, there's a penalty for not withholding enough during the year (in addition to the tax itself that you owe with your 1040). |
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ღ஠Queen B à®áƒ¦
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Dont worry about it....cuz it wont happen |
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cyanne2ak
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About $25,000 - $33,000 depending on the state you live in. |
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trailsman1961
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You will owe both state and federal taxes about 40% |
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cirestan
 |
35-40% So $21,000-$28,000 (assuming you can't make any deductions). |
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Rev. MoonPie
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You don't need that car. Just give it to the IRS and be happy. |
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DevelopmentArrested
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It depends on how much money you make now (price of car is added as total compensation) and what the rates are for your particular state. Chances are you will have to sell the car to cover the tax burden, or your other option is to give the car to charity, in which you will have no additional tax burden. |
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