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 Anyone have good hangover cures?
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 What if We don't think our Tax guy did our taxes correctly?
We think we got screwed over with our taxes this year. It is the first year we filed jointly because we got married in May of 06. Basically, last year when we filed separately, we got back a total ...


 If you were single and had no kids, and you made $70,000 a year would you...?
get any money back at tax time or would you end up paying more or what?

Say you just claimed 1......


 I have not recieved a letter as of yet, but would like to know if I am going to get a stimulas check ?
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 Does a house wife need to have a pan card?
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 Do I have to file taxes if I made under $10,000?
Someone told me , If I make under $10,000 that I don't have to file taxes. Is this true? I am married with 2 kids but my husband makes the most money. If I don't have to file then we would ...


 Why do those who have never paid into the system still get as much as those who did?
to be more specific, I mean those that have paid into the nhs, or into a pension arent that much better off (it seems) than those that have never worked or paid into a pension, .... even there rent ...


 As a in home childcare provider, what happens if a parent files taxes before me, giving false amount to IRS?
I dismissed a parent that was taking advantage of me.They would not respect my days off and lied about having to work on holidays(they are Army).I gave some receipts during the 10 months that I kept ...


 Should Marijuanna be decriminalized and taxed?
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 Can i claim my fiance when filing my taxes?

Additional Details
she's 19 and in ...


 I am disabled, had to sue for long term disability, won, do I have to pay taxes on lump sum received.?
the ltd was paid for two years then abruptly stopped, I had to take legal action which took two years and won a lump sum settlement, is the settlement taxable....


 Tax Stimulus check only $600 for married joint return? Mad as hell?
My wife and I only got $600 total. The letter states something about a Federal tax liability being less then $600. We had $512 taxable income before deductions. WTF? I thought all persons who filed a ...


 My wife and i made 58,000 last year and have two kids?
irs site sed we should get 1800 is that a load of crap? i dont owe back taxes or child support so i hope its right.
Additional Details
from what i read on hear people are getting less ...


 What is the penalty for tax evasion?
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 I just started working at the end of the year. no fed. with-held. would i qualify for the stimulus payment?
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 I'm single, 66, retired, making 17800 per year, no dependents. Should I file as head of household?

Additional Details
rtfm, i do not live alone. but the person who lives with me in my home is not a dependant.

therefore, i have a household. and I am the head of it. i ...


 I drive 50 miles one way to work, Can I take my fuel cost off on my taxes?
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 Where do i find information about how much i owe for my home property taxes?
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 How much is council tax?
In Leeds, for a two bedroom apartment with two friends sharing
Additional Details
The apartment we are renting is £525 per calendar month, and it is in Seacroft, Halton ...


 When does the 15% VAT rate kick in?
I bought something yesterday and was charged 17.5% VAT...



alicia b
I just filed unemployment and they are taking 10% out for taxes I want to know is this going to affect my w2?

Additional Details
I want to know is this going to affect how much I get back at the end of the year. By filling unemployment. And do they take your taxes withheld from your employer to give you unemployment.
                     
 




Mathew
Unemployment Insurance income is reported on a 1099G Unemployment form and will have no effect on your W-2 forms. The Unemployment income is taxable on your federal income tax return. Having had 10% withheld may be a blessing as such income is frequently uncovered by withholding and could result in a shortfall when your tax liability is calculated.


ninasgramma
Rating
Unemployment compensation is taxable income. The withholding taken from your unemployment compensation has no relationship to your job or your W-2.

Both the withholding on your W-2 and your 1099G will be counted as payments you made on your taxes. Any amount that is not owed will be refunded to you.


andrea.force
When I filed for unemployment, they didn't take taxes out, so I owed more at tax time. How does 10% compare to what you were paying when you were employed?


concretebrunette
Rating
You want them to take the taxes out, otherwise you'll end up owing money at tax time! And if you haven't found work by that time and you owe, you're really gonna be up sh*t creek.
Good luck finding a new job!! :)


crazydave
Rating
It won't affect your W-2. You will get a 1099 at the end of the year for the unemployment, this will have to be reported as income. The 10% withholding is probably federal withholding, but if your state has a state income tax, the unemployment will be taxable by the state as well.

It will probably reduce the amount you would normally get as a refund.


bdancer222
Your unemployment is taxable and they are withholding. At the end of the year, you should come out fine.


Judy1
When you file your return, the amount that you got for unemployment will be shown as income. If you are in a 10% bracket now, the taxes they're taking out of your unemployment will probably be sufficient to pay what you owe on the benefits, but if your bracket is higher than that, you'll owe additional taxes, which means that your refund will be smaller, or possibly you'd have to pay instead of getting a refund.

Your W-2 will show whatever income you made from your job, not the u.c. benefits. You'll get a separate form from the state for that.


David B
of course, you should get a W2 from the state come tax time, to file with your taxes...if not, be sure to keep track because its reportable income


stephenweinstein
1. In some states, but not all, you have to pay state income tax on your unemployment, even though they do not take it out of the check. If your state does tax unemployment, then remember to save enough money to pay the state tax bill.

2. The answer to your question is technically no. You receive a 1099 for the unemployment and the withholdings. The 1099 is like a W-2, but is called something else for reasons that are not important to you. You still pay federal income tax on the unemployment and received credit for whatever was withheld.


Connie
Rating
You don't have to let them tax you during the time you're unemployed, but you definitely have to file at the end of the year. Unemployment check is considered an income.

I was unemployed. First, I let them took out the taxes upfront but that left me little each week. I went on line and changed it so they can tax me at the end. By the time, I filed my taxed, I had to include that as an income.


Steve D
Rating
This site has all the answers you are looking for

http://www.freewebs.com/zrkat01


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