 Waiting on my stimulus check to be sent out by July 11? |
| So here I sit waiting for my check to finally arrive as we are unlucky 99 lol so im hoping that I am lucky enough to get mine a couple of days early so if you are waiting for the July 11th checks let ... |
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 How do I declare a second income? UK tax question? |
| I already have a full-time job with the usual PAYE setup for Tax and NI. I have an offer of occasional extra work but I have been told I have to do all my own accounts for that. I know I have to keep ... |
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 I want to do my OWN TAXES!!!? |
| Hello, I am tierd of all the accountants i hired in the pass made a mess with my personal taxes. I have to declare a (1099 - W9) and i would like to know if anyone knows where can i do them by myself?... |
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 The big gender question: why women get paid less than men? |
| How does this work...my partner and I are both student and work part-time for Somerfield LTD. The problem isn’t that he earns more them me, it’s that HM REVENUE & CUSTOMS have said he can ... |
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 Do the British expect and rely on Benefits too much? |
| I always hear of people in the UK talking about the different types of benefits they are entitled to and also council housing. It seems like people on average income still get some type of benefits.<... |
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 New 1099 Employee....Freaking out!? |
| I am very new to this; I am going from a large corporation where I never had to think of this. But I have accepted a job with a corporation out of NY. I am the only employee in California. I ... |
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 If my husband has back childsupport and we file federal taxes jointly, will that effect how much I get back? |
| Before we were married he wasn't getting a tax return because all of it went to pay off his back childsupport. I have always gotten a tax return. I am wondering if I file jointly with him if ... |
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 Prove that I had paid my taxes? |
| For some legal purposes I need to prove that I had paid my taxes for the last 3 years. However I can only find one years tax copies (the time when I did it with my tax adviser). The other years I did ... |
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 Will I have to pay an inheritance tax? |
| My mother and I own a house together, but the mortgage is only in my name. If she dies will I have to pay an inheritance tax on her half of the house? The house is in Maine (don't know if that ... |
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 I give my parents cash for them to pay all their bills & their home mortgage. Can I claim them as dependents? |
| My parents get about $20,000 from soc security and medicare and they have no other income or securities. They had a savings account at the beginning to the year and used $6,000 of that for some home ... |
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 My tax rebate was supposed to be direct deposited today according to the IRS website. It wasn't. Why? |
| According to the IRS schedule and my last two on my SS#, I should have gotten the direct deposit today. I did not. I qualify in all areas. I am not the only one. My friend is the same.... |
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 The tax office want me to pay 9,389.32 ÂŁ for the years I did not work in the UK.What do I Must do Now? ? |
| Ok I worked in the UK from 2002 until the 2004 after that I went back to My country.IN 2008 I came back in Manchester ,UK .Registered again as a self employed and here comes that letter that I ... |
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 Why is Social Security capped at $97,500? |
| I realize that amount will increase a little bit next year, but why is it capped at that amount? Pretty much everybody that makes over $100,000 per year isn't going to miss that amount, while ... |
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 I have received a summons to court for non payment of council tax? |
| but its for this year.why if i have until31.03.08 to pay for it have i received this summons?... |
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 What can you deduct for a mary kay business? |
| I'm considering starting a Mary Kay business and wanted to know all the tax deductions that are possible. I know there are 41 but I can't find any.... |
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 Why are we all forced to pay out over 56% of our wages in Taxes? |
| During the Boston Tea Party, the early americans through Tea into the Boston Harbor because of a 1/3 of 1% tax which they called "tierany." If 1/3 of 1% was unacceptable, what would they ... |
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 My ex and i have 2 kids....we decided that everyother year we would claim both kids? |
| last year he claimed both...and i was to claim both this year....now he is telling me that i cant because they live with him last year and hes going to!...can he claim them both years...we have no ... |
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vick devito | I'm sick and tired of having to pay back money to Fed's and state when I file taxes!? |
Every year when I file taxes for some reason I have to pay uncle Sam $3000 and new york state $600. I don't make much money around $40000 a year. I don't know why is this. I'm single with no dependents and a renter. It really kills me. What do you guys think? |
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bostonianinmo
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I know that you're not having enough tax withheld from your pay, pure and simple. Without knowing how many withholding allowances you're claiming on your W-4 it's not possible to advise you exactly. You could have them withhold an extra $60 per week (or $120 bi-weekly) on your Federal and about $12 for NYS and you'd be good to go at filing time. |
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meandnadine
 |
Change your withholdings on your paycheck.
Here's the IRS website calculator.
You can enter different scenarios to see which works best for you.
http://www.irs.gov/individuals/article/0,,id=96196,00.html
Play around with it a bit and you should be able to determine what withholding you need so you don't end up paying so much at tax time. |
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Judy1
 |
It sounds like you need to have more withheld from your paychecks so you come close to breaking even at the end of the year. Your federal income tax on that income should be around $4600 a year. I don't know what you're doing on your W-4 to only have $1600 taken out, but you need to check on it and change it to single/0 or single/1.
OK, $40K a year isn't great wealth, but it's hardly poverty level either, you know. |
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Dave T
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Check that you aren't declaring any dependants on your W4. If you are, set it to zero. You can also ask that your company take about $150 out extra per paycheck ($300 every month) as fed taxes. That'll cover the $3600 you're in the hole every year. |
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Mezmarelda
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What I did was to change my number of dependents on my W-2 form (your employer will be happy to help you to do so), and that way when I actually file I always get a refund and I don't miss the little pit extra taken out each week. Boy ! Do I love those income tax refunds. |
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MukatA
|
If you earn $40,000 in 2007 your taxes are
Social security $2480
Medicare $580
Federal Income Tax $4330
Total taxes $7390 plus your state tax.
Your take home money $32,610 minus state tax(es).
Smile Please!!! |
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misspurrl
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buy a house..you do have the money, even if you dont know it. and change your tax form with your employer. dont claim anything...make it all say zero....they'll keep more taxes during the year, and you can get some back at the end. |
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ratta f
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I think that you make $30,000 dollars more than me a year and should stop complaining. |
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PepsiLime
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That's why you pay uncle sam the 3,000 and NY $600, because you are single with no dependents and being a renter. I'm attaching a paycheck calculator website, www.paycheckcity.com, to help you figure out what you should be having taken out of your paycheck for both federal and state taxes. |
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Man
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Your doing your taxes wrong.
In any other country you would pay 20% which in your case is $8000. |
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