 Do I have to pay taxes on land that we are selling that has been in the family for over 100 years.? |
| The land I am selling was given to me by my father & the land has been in the family for over 100 years. Do I have to pay capital gains taxes on it if I sell it.... |
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 How do I find out if I'm entitled to a tax rebate? |
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which form do i need to complete? p60, p40, or p50? inland revebue website isn't the easiest to navigate!... |
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 Where do I send My w-2 form to get my income tax??? |
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It's not mine it's my boyfriend's but he wants me to do it.
I got scared he would get mad so I lied and told him I already did his taxs for him.<... |
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 How do I find out the amount of my tax stimulus? |
| I've been looking all over online but I just keep finding a form that people have been stating is incorrect. I filed my 2007 tax return with 1040A. How do I figure out how much I'll be ... |
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 Is there a Tax Credit for Hobby? and how is this possible!? (texas)? |
| buddy of mine went to get taxes done, preparer said i can get you $250 back. my bud got upset, tax guy said he actually owed but worked the numbers. my friend then went to another lady that gave ... |
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 If my child lives with me but visits his father on the weekends can he claim him on his tax's? |
| i have worked off and on since the father of my son and i split up, going on 3 years.. the jobs i had, i didnt work much at all about acouple months most, due to some difficulites with son in ... |
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 How many...? |
| My friends hubby just got a job that will pay him approximately 24,000 a year. She does not work and they have 3 kids. He says they shouldn't claim but 1 dependant through the year and the rest ... |
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 How much income tax can I expec to get back if I have a 6 month old baby, who I do not claim as exemption? |
Additional Details
No one else is claiming my child. I make about 2188 a month, but after taxes it is 1542.... |
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 My tax code was changed from 503L to 522L, i don't know what this means, even though i have two jobs? |
| Though the two jobs i have always been on 503L, Now one of them has been changed to 522L, but am yet to get my payslip for the other job. Can someone please explain what 522L means. Thank you.... |
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 Does stimulus rebate checks go out by head of housholds ssn or by first on tax returns? |
| I have been told that the economic stimulus checks go out by the ssn of head of houshold, but then again in have been told it goes by who's name is first on the tax return, when filing jointly. ... |
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 Do I report the house I bought in september on my 2006 taxes? |
| My husband and I bought a home in September 2006, do we report it this year or next year? This is our 1st home & we feel lost with all this stuff. Will we get anything back for points we ... |
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 Is child tax credit the same as income support? |
| i claim income support for myself n 3 kids but is child tax credit incuded in income support or is that something else? ive just been lookin through the net about benefits and found this? is it ... |
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 Can I donate furniture to Goodwill and write off the values of the furniture on myh taxes? |
| I have a king size mattress set, 32" tv and chaise sofa that I do not want to move cross country. Can I have Goodwill pick it up and write it off? IF so how do I determine the value?... |
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 Stimulus payment....my son turned 18 in January 2008? |
| My son turned 18 in January, will I still get 300 for him from the economic stimulus? I claimed him for the entire year 2007.... |
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 My job does not withhold taxes I am married with two kids under the age of 10 making 600. a week what % should |
| I need too know what % per week I should be puting aside to pay both my federal and massachusetts state tax.... |
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 Do you do your own taxes or do you pay someone else to do them? |
| I go to the library every year and get them done for free. I probably could just do them myself. Mine are usually pretty much the same every year.... |
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 I hear on the news that people making $50,000 or $60,000 per year are not paying taxes. Why am I? |
| They don't make it clear if it is personal income or family earnings. We are just my husband and myself.... |
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Clearwater | I am a single mother...what should i claim on my taxes for them not to take so much. I need that money!!!? |
Also...what money do you get back at the end of the year..federal??? Ughh....need some advice. |
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Christy M
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I am a single Mom and I file zero deductions. But thats because I like to get a bigger tax return at the end of the year. The more deductions you file on your paycheck, the less tax money they take out. But be careful, file too many and you will have to pay in at the end of the year, possibly. |
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wartz
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Work through an estimate of what you are going to owe taking child credits into consideration and adjust your withholding so that just enough is withheld. After child credits, a single mother with two children would have to earn over $35,000 before owing any income tax. If you have child care expenses, the number is even higher.
You will still owe Social Security and Medicare taxes. There is no way around those. |
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C>/
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I would take 4 deductions on your paycheck and wait for the end of the year to see what happens. I usually get a refund. |
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Mad
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dont know |
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Judy1
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Please give a little more info - would need to know how much you make for the year, how many dependent children and their ages.
At the end of the year when you file your tax return and calculate your tax for the year, if you've paid in too much you get the extra back as a refund. Depending on your income, you might be eligible also for an earned income credit - that can be small, or up in the thousands of dollars.
Good luck. |
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Scott K
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You don't mention quite enough details to help you decide. You may be able to file as Head of Household or as a Qualifying Widow. You might be able to complete a form W-9 for advanced earned income credit. If you're sure you are overpaying your taxes, you can adjust your withholding allowances. To properly answer your question we would need to know a lot more. How much money you make, what kind and how many deductible expenses? Who supports you and your child? How much has already been paid? How many kids do you have? |
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daeve930
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Are you head of household? That's a nice thing. Also, are you eligible for Earned Income Credit? Do you have the deduction for the kid(s)? If not specified, I thin most states give it to the custodial parent. |
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~ princess deni ~
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I am a single mother as well. At the beginning of the year i claim single 0. That way they take out as much as they possibly can. Then, when i get low on money I "up" the exemptions. I know that single 1 will make you break even. I got $75 back that year. Then, when you go higher to single 2 or 3, they will take less, and you will owe! I am in HR, so i know that you can change your W-4 as many times as you please throughout the year (provided there isnt a Company Policy to prohibit this). Like I said... I start the year out at single 0. When i get low on money, i up the exemptions to single 2. If im still low on money, i can go to single 3... but dont go higher than that! unless you have more than one child. When you get caught up, you can lower your exemptions back to Single 1 or single 0.
I think the child credit depends on how much you bring home and how many kids you have AND if you claim Head of Household. Im not a CPA, so dont take what i say and run with it... but it will at least give you an idea as to what to ask someone that has more knowledge. Check out the irs site below and click on Individuals, then on IRS Withholding Calculator.
Hope this helps!!! :) |
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