 On last year's tax return (MY FIRST EVER ATTEMPT TO DO THIS) there is a glaring mistake? |
| I put something in the wrong column - even though I declared it, they did not see the error - which should have stood out like a sore thumb to the trained eye. Anyway they should have taxed me on £2... |
|
 I don't want to pay taxes anymore!! Isn't there some kind? |
| of form I can sign whereby I am released from doing so? I want to designate what I am willing to contribute to. 2% here, 2% there, etc. But I am not willing to pay my taxes blind folded throwing a ... |
|
 Do i still have to pay taxes? |
i have no job
i make $250-$400 a year in interest throguh CDs
do i still have to file my taxes?
would i get money back or would i owe?... |
|
 Why are the British public so GUTTLESS? |
| Yes folks, thats the question, and before you all start critisising, just let me say I am a Brit also. What I am refering to is the constant bombarding of the UK public with all these damn Stealth TAX... |
|
 My tax code is 522L and i dont pay tax is this right? |
| I have put this down to the fact that i have a child but im confused, if this is wrong will i receive a big tax bill?... |
|
| Rebate / Stimulus Checks? |
| So I realize the site and everywhere says "you will be mailed your check based on dates that correspond with the last 2 digits of your SS#"... which is fine and all- but what about those ... |
|
 My son was born dec 23 2007 the hospital failed to file for his ssn i had to file my taxes and couldnt claim? |
| him because i didnt have his number yet. can i still claim him somehow this year .......and if so how and or where can i ... |
|
 If I spend $500 to raise $10,000 for a charity, is the $500 tax deductible? |
| The charity acknowledges that I raised $10K. I have receipts to show I spent, for example, money to put on a dinner where participants paid $60 a plate. All of that money was donated to the charity.... |
|
 I know you can deduct medical bills from your taxes...? |
| Would it be worth it to pay off all medical bills with a credit card before Dec 31st? Would it increase my refund greatly or not enough to make it worth it?... |
|
 How is the cost of living calculated in the UK? |
Hi,
I am confused, ok that's not unusual.8-))
I just heard on the news that the cost of gas has risen by 85% over the last 3 years.
So given that electricity ... |
|
 My wages are never right the payroll mess it up every month? |
| i work the same hours every month but payroll always mess it ... |
|
 Hi, I got my paycheck and it was $600.00 and the withholding tax was, FICA-SS $37.20, FICA-Med $8.70 and? |
Fedral W/H $39.81, State W/H $20.24, Local $9.00, doese any one knows if this is reasonable? and what each one stand for?
My employer doesnt provide Medcare so why still they are cutting FICA-M... |
|
 How do I get my mom to stop claiming me on her taxes? |
(I had to ask this again because I keep leaving info out)
I am 20 years old, I have my own apartment I pay all the bills there, (I do go to her house sometimes for a few weeks), I have my ... |
|
 Can I legally claim that I earn 1/3rd less than my original amount before deductions? |
| If I earn a certain amount of money and have a third of it taken out before taxes for health care, dental, vision, 401K, and a few other things, is my annual income the original amount or the amount ... |
|
|  |
jcarson67 | I am receiving a 38k bonus. what can I do to avoid the tax man..I already contribute the max to my 401k? |
|
 |
 
ninasgramma
|
No way to eliminate taxes. Try to maximize your itemized deductions.
If this is a one-time bonus, you can ask that it be divided over 2007 and 2008.
If you have children and want to save for their higher education (or for yourself or your spouse), you could invest in your state's 529 plan after investigating whether there is any state tax reduction for contribution (many states do give tax breaks).
If you switch to a High Dedutible Health Plan, even late in the year, you are allowed a deduction for your contribution. Check with your HR department or your insurance carrier.
You can prepay any real estate taxes due. You could purchase an expensive vehicle (or boat, motorcycle) and deduct the sales taxes on that vehicle if that gives you a higher deduction than your state and local taxes.
If you have investments that you have lost money on, you could sell and take your losses and have a net loss of up to $3,000 reduce your taxable income. |
|
bostonianinmo
 |
If you've maxed out your 401(k) you've pretty much done all you can to minimize any tax. Anything else that would cut your tax liability would cost more than the tax savings so would not be worthwhile. Sorry. |
|
PepsiLime
|
You can't avoid it, your employer will take out federal withholding, social security (unless you hit the social security limit of $97,500 for 2007), medicare, and state withholding (if you have a state income tax). |
|
I_Love_McRedneck
 |
Nada - you deserve to pay taxes just like everyone else. |
|
Judy1
|
Nice bonus. You'll have to pay the taxes, but will still have a very nice amount left. Enjoy, and kwitcherbellyakin. |
|
Bob Vance, Vance Refrigeration
 |
sweet christ, what do you do? |
|
Wayne Z
 |
1) Give it away.
2) Lose it all in a bad investment
3) Get hurt really bad and spend it all on medical bills.
Seriously, when all is said and done there is just not much you can do to reduce or eliminate the tax byte.
Look at the bright side. Having to pay taxes on $38k is better than not having the $38k at all. |
|
John W
 |
wow...you remind me of those enron dudes |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 39 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 2 day(s) ago
| | | |
7 | 3 day(s) ago
| | | |
8 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
