 Tax rates on sole traders /self employed? |
| are the rates the same as that of someone on paye and the real savings is from the fact your taxable income is reduced by taking all your expenses off ... |
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 W-2 lists single, but I got married @ end of the year. Can I still claim single this year? |
| I got married @ the end of the year. I haven't changed my w-4 @ work and my w-2's state "single". Do I have to file married or can I still claim single since that's how I ... |
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 I am a girl of 24years of age I have a salary of 1,44,000/- Rs. P.A. I want to know is my income taxable? |
I am a girl of 24 years I am financing my education and I want to know can i use that expenses for tax redemtion.
If yes, then how . If no, in what scheme i should invest and how ... |
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 Are tax payments due at time of filing? Is there a grace period? |
| If you owe the state and federal government, do you have to submit the payment at the same time you file your form 1040 or whichever form you file?... |
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 Have you been to the point of no return? |
Additional Details
Wartz, figure it out man.... |
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 What can a police officer deduct? |
| for taxes, do we need reciepts for all? I was thinking union dues, uniforms, GPS, digital camera, cell phone, dry cleaning? Thanks for your help!... |
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 Taxes.....? |
| I heard that there's a way we can get an advance on our next year taxes...is this true?... |
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 Why doesn't the IRS let you claim EXEMPT on your W4 so that you can pay taxes at the end? |
| Instead of paying per payheck, you could take the money out of your paycheck yourself and then put the money in an interest bearing account. When it comes time to pay, you just pay out of that ... |
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 20k gambling winnings- i owe taxes Tax penalty? |
| I owe about 3k in taxes at the bottom since nothign was withheld from my gambling winnings. Is there a tax penalty for this? Do i just write the government a check? Why would there be a penalty?... |
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 Raising taxes for 4x4? |
| Do you agree with the Government?... |
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 I recently received a letter from the IRS that i owe them for a previous year. ? |
| However, I have already e-filed my return for the current year and my refund amount is way more than the amount they are saying I owe. I need to know whether or not this will hold up my current due ... |
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 Do I qualify For Unemployment? |
| Would I qualify for Unemployment , If I quit my Job to become a Fulltime Student?... |
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 How do I file my 2005 Tax Returns, I only made around $8000.00 and only $308 federal tax withheld.? |
Additional Details
I have never filed taxes before this and i am 24. I was told the years before that i didnt have to file. I just dont want to end up owing money.... |
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 Does my refund amount decrease with an increase in my annual income? |
| This year, I made about $19000 compared to the $6000 I made last year (part-time work, full-time student). I used HR Block refund estimator and it said that I would only be getting back $750. That&#... |
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smallstot | I am just about to enter the job world. If I am supposed to make $40,000 how much will I have after taxes? |
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micop4life
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The rule of thumb that I use is I allot 23.5% for taxes our of every paycheck. Now, I claim married with 1 deduction on my W4. I am usually within a few dollars of being correct on every paycheck. If you were to assume that you get all 40,000 up front then you would bring home for the year approximately $30,600, with the government taking $9,400 for taxes. If you are a single person with no children then the amount of taxes taken out may be a little higher than what they take from me. |
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oil field trash
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Don't forget that inaddition to income taxes, there are social security and medicare taxes and probably medical insurance deductions. |
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Einstein
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Just starting out making 40 grand? Good for you. |
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Eye of Sauron
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Go to IRS.gov they have a withholding calculator... |
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Nathan
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Not enough to live life in the fastlane. |
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urdignme
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$1.50. If your lucky (j/k). The irs website www.irs.gov has many tools I think you will find to be helpful. Keep in mind that your status ( single, married, kids, no kids) will be a major factor in how much you will have in the end. If you have any retirement plans ( 401K, Ira's, etc.), that could affect your tax bracket as well. |
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imaginator
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just entering the job world and expect to earn $40,000 -good luck with that!!! |
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Maids Moreton
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Well... how much are the taxes? |
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devilymom
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Depends on how much you claim or what you claim, but average is 7-9 percent |
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sullencat
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Roughly, you will pay about 30% of your gross income in taxes. |
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