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 Is $1,541 a lot or not that much of Federal Income Tax Withheld?
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 Should my wife and I file separately or jointly for 2008?
I made approximately 200K. She made approximatley 10K. We have two dependents. I am self-employed. She is a pre-school teacher....


 I made around $2,000+ working, could I file for taxes?
I worked since August 2008 and I generated $2,000+ and I was wondering if I could file for taxes.

Also I worked from 06-07 at a company and I can't remember what my gross was but I ...


 How to have my ex's back child support taken from his federal taxes in Ohio?
It's my ex's year to claim our son on his taxes. Hes several thousands of dollars behind on child support. Has been for several years now. I know that anything more than $500 behind, and ...


 How can I deduct medical expenses from my taxes?
I only made $3,600 dollars last year. I have $1,200 in medical bills (no insurance). So, is there some way I can get this money reimbursed? I had someone tell me to take the standard deduction (5,450)...


 Do I have to report my rent / utilities payments to IRS?
This year I'll be filing for the very first time a form 1099. Can I get so type of deduction for my rent payments that I made?...


 Can i get a tax return for driveing to work in the uk?
I have been told that i can get a tax return off the inland revenue in the U.K for driveing to work. My company pay me traveling allowance and i get tax free additions I have been told that I can ...


 Child care provider passed away?
Ok, so the woman caring for my children in 2008 passed away last summer, I paid about 3200 for the year for my 2 children, how am I going to claim this without her SS#, she did not have much family ...


 My father didn't file for income tax for fourteen years, now I have to take care of it. What do I do?
Way back in 1994 my father received a letter from the IRS. " "You may no longer have to file with the IRS " He evidently took this to mean he no longer needed to file his taxes each ...


 Can I file state and federal taxes without paying them right away?
I owe about 460 in taxes this year. 400 to federal and 60 to missouri. Can I file my taxes and wait to pay. if so what is the deadline to actually send in a check. Im hoping to catch a break and ...


 If you receive a prize from a tv show how much is taxed?
If you receive a prize from a tv show that is taxed along with airfare and lodging that totals about $2800 I know this is added to your income at the end of the year but how much is taxed on it state ...


 How can i stop my mum from cleaning?
...


 What are the downsides of being an accountant?
Just want to know the cons- if ...


 If i get paid 8 dollars an hour, then how much is taken out of that from taxes?

Additional Details
i live in illinois and i am 16. does that help? i kind of want an exact ...


 Can my mom give me money, and write it off as a charitable contribution on her taxes?
I realize this question sounds stupid....but, I was told by a doctor's office that my Mom could give me money to pay for a surgery, that I cannot afford ($12,500, actually) and she would be able ...


 When is an employer suppose to give us our w2 form and is there a deadline for them to get it to us?
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 Can i claim my parents as my dependents?
since they don't work, do they need to file any tax forms?

they are living with me and have no income, can i claim them?

in 2008, when they reach 62 and collect about 200-3...


 My wife has pan Number and she is a house wife.Does she require to file income tax?
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 Tax Error, Can We Go To Jail????
My sister prepared my taxes, she put her name down where it says preparer. She isnt a tax preparer or a CPA. Can we get into trouble for this? Will they even notice? She is really scared because ...


 Help! Baliliff problems re council tax?
nightmare please help . i moved and went bankcrupt in 2005 i am stuggling to prove that i was not at the address. with the council and got a baliff asking for 1400 by the end of the week he is being ...



rockinpunkin
How to fill out W4 form (I'm single)?
I'm single, 29 years old, and will be making $63,000/year. I have been getting a variety of responses from friends and family so I'm getting confused as to what is appropriate. Do I enter "1" for both A and B or just A or just B? (Most people have told me to enter "1" for B only).

A) Enter "1" for yourself if no one else can claim you as a dependent

B) Enter “1” if:
● You are single and have only one job; or
● You are married, have only one job, and your spouse does not work; or B
● Your wages from a second job or your spouse’s wages (or the total of both) are $1,000 or less.
Additional Details
In the past I did standardized deductions.

I'll be starting my new job in late Oct.

Does anyone else recommend claiming 0?
                     
 




Luv2Answer
Enter 1 total. If you want to be sure that you don't owe any taxes and will receive a refund then put 0.


idtshadow
Rating
do you itemise or take standard deduction?

If Standard, Single 1 will give you a small refund

Single 2 will break you even or you will owe a small amount


Judy1
By the worksheet, yes you could claim two. If you do, you'll come pretty close to even but might owe a little. If you claim one you'll most likely get a small refund.

I wouldn't recommend claiming zero. You'd get a bigger refund, but only because you had more withheld, so you've just let the government use your money all year at no interest.


~*WoodSmoke*~ ~Environment~ daBlogPound,Inc
The w-4 worksheet is antiquated and is confusing.
The IRS has a withholding calculator, where you can put in all your numbers and come very close to your taxable amount for the end of the year, and print out your W-4

www.irs.gov, individual, withholding calculator


ravenbb
If you want a large refund on your taxes claim single and "0"
If you want a small refund and little bit bigger paycheck claim single and "1"


Steve
Rating
You can claim one exemption for every $3400 in deductions (itemized deductions or standard deduction + personal exempton) that you plan on having regardless of your income.


lstbob51
yes 1 & 1 and you might have a couple of other 1's also


PepsiLime
Rating
You'd only be claiming 1 on your W-4. But considering we don't know whether you itemize or claim the standard deduction we can't really tell you what to claim on W-4. www.paycheckcity.com though is a good paycheck calculator website that can help you determine what you should be claiming.


STEVEN F
IGNORE the worksheet AND all the rules of thumb you get here. Use the withholding calculator on the IRS website.


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