 Since the kiranawallas and the vegetable retail shopowners do not pay taxes why we should support them? |
| The kiranawallas and the roadside vegetable and eatable vendors do not pay taxes which is a big revenue leakage for the govt. The big retail chains will give employment, pay taxes to the govt. ... |
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 Why do our taxes pay fof puplic access tv when no one watches it? |
i can honestly say that i dont know anyone that watches puplic access tv so why does the government make us pay for it
Additional Details
i meant to say "for" instead of "... |
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 We bought a house last spring. How does it affect out income tax return? |
| I have heard from some sources that we will have to pay, but have heard from others that we will get a return. We both claim '0' and both had an extra $5 taken out of each check for federal.... |
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 Do I have to pay tax on sales from a website? |
| Im looking into making a website that will take in less than $10,000 a year in sales. Do I have to pay tax on the items I sell? and if so how much and how to I register?... |
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 How much income tax do i have to pay? |
| I am 18 male living in California and i work at a sushi restaurant making minimum wage maybe like 400 dollars a ... |
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 Can my ex boygriend claim my daughter on his income taxes? |
| He told me that every other year he is able to. I am going to school right now, and don't have income, so he did supply some income for me through child support but I did work for a bit at the ... |
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 Will i get that extra tax refund? |
| I FILED MY TAXES LAST YEAR AND THIS YEAR BUT CHILD SUPPORT TOOK MY MONEY WILL THEY TAKE THIS EXTRA TAX REFUND I GET FOR FILEING THIS YEAR I KNOW I STILL OWE BACK CHILD SUPPORT... |
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 Tax Credits and overpayment? |
We get Working and Child tax credit.
We have been told there was an overpayment last year on our tax credits because our income was underestimated (caused by dp changing jobs a few times ... |
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 Tax returns!? |
| am an international student working on campus. my income last year was 4000 dollars that went to my fee which is like 6000 dollars! federal tax was 22 dollars and state around 10 dollars. how much am ... |
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 Can I claim all of these people on my taxes and if so what will happen? |
| My fiance and I live together with our 3 children-one his, one mine and one ours. His brother also lives with us. I am the sole supporter of the family, except my fiance worked about a month, cut ... |
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 I filed a claim with the IRS in March bec my ex claimed one of my children on her income tax unlawfully.? |
| I know that the "question" above wasnt really a question, but, I was just wondering if anyone knew when I would hear back from the IRS or what would happen? I had custody of them for more ... |
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 Back taxes owed to a state I haven't lived in for years? |
| A state I used to live in finally noticed I haven't been paying taxes for the last ten years. Now they want back taxes, interest and penalties for the past seven years. They do not accept a ... |
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Diana G | I am married and have 3 kids, what should I claim on my taxes? |
I'm reading alot of dave ramsey stuff and he says that if you are getting a huge tax refund, you are lending the goverment money tax free. I was thinking about claiming 10, so I would have more money on my paychecks. i just don't want to have to owe at the end of the year. |
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Jeff G
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The deductions you claim are only a small part of the total amount of taxes. The largest part of your taxes is for social security, of which the number you claim isn't a factor. I am married with 2 kids, claim 4 and always get back a huge refund, while not paying out a lot every paycheck. |
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mplsundin
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A worksheet should accompany your W-4 to determine what the appropriate amount should be. If you've been getting huge refunds in the past, then yes that's not good, because the government gets an INTEREST free loan on that money. |
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feanor
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Just make sure you don't end up owing too much...If you do you'll owe penalty and interest.
The MAN wants his money and won't let you make the interest on it. |
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Judy1
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If your kids are all under 17, so you'll get the child tax credit for all of them, you'd be OK claiming 10 or possibly even a little more. Use the worksheets to see what you qualify for. |
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Steve
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For 2008, you and your husband are allowed to claim one allowance for every $3500 in planned deductions to come close to breaking even regardless of your income. Planned deductions are your personal exemptions and the greater of either your itemized deductions or standard deduction. Also, if you are eligible for tax credits, you can convert the credit to an equivalent deduction and add those to your total deductions.
If you calculate that you can claim 10 deductions, that is the total that you and your husband can claim, you cannot claim 10 deductions each. Otherwise, you will owe severly.
For your total deductions, when you file your 2007 taxes, you can use that as a guide.
Read IRS Publication 15 for more details. Start around page 35. |
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stephenweinstein
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If you go that far overboard, you will owe AND have to pay a penalty or interest.
Claim the most that you can without owing.
If your spouse does not work, claim 5.
If your spouse does work, the total claimed by the two of you should be 5, but you can decide how many of these 5 to claim on which W-4. (You could go 3 and 2, 4 and 1, or 5 and 0. Generally, the larger number should be on the W-4 of the higher paid person.) |
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Ty
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If you are well disciplined and able to save, it is not a good idea to get a big refund. If you are like a huge chunk of americans, living paycheck to paycheck, it might be a good idea to set up your W4 so it takes out a little more than needed. It may be tough to have to come up with a bunch of money on April 15. I've found that if I use my "true" deductions, myself, wife and kids, I still owe a little bit and that works for me. I'm sure that depends on how much you make, how much you can claim on interest, medical, charity etc. deductions. |
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src50
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Use the W-4 worksheet. Its not hard. |
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Don
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There is probably a balance between claiming 3 and 10. You should do a bit of research and figure out how many you should claim. Or you could claim 10 then put the difference between 3 and 10 in a savings account where it will draw interest. At the end of the year if you do owe taxes you will have it and if not then you have a nice savings plan started. |
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