 Taxes in first year of home ownership? $9,000? What to do to? |
| We bought a house last october and with the economy went bad. We are making all od our mortgage payments on time no problem including insurance, electric, water, gas, etc all on time. But we got hit ... |
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 Can two people live in the same household claim head of household on a income tax refund? |
| If you are not married but live together could each person file seperately and both claim head odf household? Or can only 1 person from a household claim head of household?... |
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 Is you are married..can you file your taxes separtely? |
| I am married but want to get my own separate tax refund back i dont not want to put my husband with mine, would it be illegal if i didnt include him on my return? im asking bc we arent together but ... |
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 I owe some taxes, irs or tax consultant? |
| Ok heres my question i owe some taxes, not alot just more than i can pay. I did file and have now received a letter from irs. If I make payment arangments Ill be paying more penlties and interest ... |
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 Turbo tax or H&R block? which 2 use? |
| im new to taxes im 19 and i was wondering who does a great job with taxes and i keep hearing about these two companies and i was wondering if anyone use one of these and if they like it?... |
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 I need to give my mother a monthly sum of Rs 10,000 for her medication,food and shelter.? |
| Would the annual sum of Rs 1,20,000 be exempted from my income tax? What are the formalities for the same?... |
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 If I make a $5,000 bet in Vegas, do I have to pay Taxes on the winnings? |
| How does that work? Do you need to fill out paperwork? How much are you taxed?... |
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 Is money I donate to my family during a hardship considered tax deductible? |
| Is money I donate to my family during a hardship considered tax deductible?... |
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 What is the allowable deduction per mile for an expense report? |
| I need to fill out an expense report for work. It has been a while since I have had to do that and I don't know the current deduction for mileage (cents per mile) in the US.... |
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 I made 26,575.54 and had 1655.00 in federal taxes taken out and 378.01 in medicare roughly what will I get bac? |
what will my return be if i made 26,000.00 and had 1650.00 withheld
Additional Details
i claim head of household and 2 on th ... |
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 How to decrease tax withholdings on W2? |
| How do I decrease the amount of money that is withheld from my paycheck every month? I want the most money per month possible. What allowances/exeptions do I write down?... |
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 Do anybody know why the rebates arent being deposited? |
Additional Details
I heard that if you had fees taken out of your refund that it wont be deposited, youll get a paper check!!! If thats the case I got more than a month to wait for mine!... |
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 I received a second letter from the irs stating that I should receive my rebate by the 16th...? |
| However the 16th has come and gone, and I was wondering if maybe they worded the letter incorrectly, and meant to say that it will be mailed by the 16th..the last two of my ss# is 02..I know that ... |
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 Joint tax return re:IRS Stimulus check: SSN last two digits used for deposit status? |
| We filed a joint tax return, does anyone know if the IRS Stimulus checks are deposited based on the first SSN entered or on the second SSN entered? My husband's SSN ends in 06 and mine in 27. M... |
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 Who claims the child for taxes? |
| My ex-boyfriend and I had a son in 2004. We were never married. We split in 2006 and I am now married. My ex lives in the area with his girlfriend. My ex gets my son three days a week, M-W, it's ... |
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Mother Knows Best | How much will my taxes go up if the Dems take both houses? |
Based on a combined yearly salary of $60,000
We have two kids in grade school, two car payments and $2000
in credit card debt.
My husband and I don't own a home yet, but we're trying to save
for a down payment.
BTW we're Fla. residents. |
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STEVEN F
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Most of the tax cuts enacted during President George W Bush's term are scheduled to expire in 2010. The leadership of the Democratic party has stated that they opposed making any of the cuts permanent. If the cuts are not extended, taxes will increase by the amount of the cuts without any action on the part of congress. I don't have the actual numbers, but the IRS has tax forms and instructions on their website dating back to at least 1999 (that is the earliest I searched). If you file out a form from a year before the cuts and a current form using the same information, it should give you an idea.
NOTE: My answer assumes no actual change in tax law. It is very likely some changes will be made by whichever party controls congress. |
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Mathew
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When you add politics to any question, otherwise reasonably intelligent, people seem to scramble their brain. They must call all of their political supporters to join in with the party line. That said, there were a number of tax laws changed soon after G W Bush came to office which lowered tax rates or increased limits before things are taxed. At the time most Democrats voted against those changes. They very likely would have voted against a resolution stating that the sun comes up in the east if it was supported by GWB. All of those tax law changes have sunset clauses which means they will expire if congress does not vote to continue them. Most of that will occur in 2010 which means that there will be at least one more election in which the balance in congress could change another time. The bottom line is that any guess as to how the election will change taxation is just that a guess. |
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Susan M
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Income taxes will go up. Gas taxes will go up. the allowance for inheritance left to your children will go down. I can't say how much,but it will stink for working parents like yourselves. I wish it weren't so, because it seems like the people taking responsibility for themselves
<what used to be the American Dream> are penalized to such a degree, it hardly makes sense to try anymore? Thanks for keeping at it and having kids and raising them right. |
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mooo
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if thedemocrates take back both house and senate,taxes will go down,minimum wage will go up,healthcare and medicine will be affordable,gas prices will go down, we will get out of iraq,and maybe get the money surplus back we had before ole george w. blew it away |
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zambranoray
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I hate to do this to you, but I need to ask you a really simple question. Who is going to pay down the debt that this present house and Senate has created? Since we know it has to be paid, would you rather that the present Wealth Friendly Republicans let the middle class do it or the Middle class and poor friendly Democrats? Do some research.
The last time a Democrat (Pres. Clinton) raised taxes, it was taken from the $150,000.00 (and above) a year bracket (family of four).
We need our taxes to pay bills just like you need money to pay your bills. All of you people need to do your research and realize that it is best to fish where the fish are plenty, and the democrats know that. . .The wealthy are in fear that they will be forced to pay down the debt, so they are spending all they can to keep the Republicans in office. . .WAKE UP!
Vote. . .Vote. . .Vote. . .Vote. . .Vote. . .Vote. . .Vote. . .Vote. . . |
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waggy_33
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Probably not at all, Republican scare tactic that Bush has used before. |
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gyorzxk
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These are just Republican scare tactics. If they go up at all it will affect only those in the top income brackets. I haven't seen a huge tax break. Those in the middle class don't benefit near as much(percentage wise) as do the top one percent. Republican strategy is to win by creating fear. There is something called the alternative minimum tax that will affect you. This administration knows it, but it won't kick in until Bush is out of office. He has talked about changing it, but has done nothing. It was supposed to only affect those at the very top, but if it isn't implemented to tax the middle class, the deficit will soar. Republicans know this but it is a way to keep the deficit from exploding. The middle class will be left with the bill. Remember, Republicans are not conservative when it comes to deficits and spending. The deficit actually decreased when Clinton was president. A prominent economist said that deficits shrink when both parties control at least one branch of government. This creates checks and balances. |
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KIT J
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How much money will be wasted by crooked contractors in an ill-conceived and ill-conducted war--And how many innocent lives will be lost if the Republicans KEEP both houses?
VOTE DEMOCRATIC ON TUESDAY, NOVEMBER 7. POLLS OPEN AT 7 AM AND CLOSE AT 7 PM IN MOST PLACES. |
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Great Tax Info
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Mathew's answer was the most intelligent, truthful response so far. But I still have to say: Your taxes will go up to support the entitlement programs that the Dem's love so much. Why do they love them? Well, let's see: is it easier to get a lazy, uneducated, multi-generational welfare addict to vote Dem if you continue to pay them to do nothing but make babies, drink beer/cheap wine, and smoke crack. I think so! Isn't it odd that the Dem's always take power by being carried into office by the voters who have done and will do more damage to this country through their inaction than 20 George W's could ever do by make the wrong decision (like the Iraq war) through action. |
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