 Which tax preparer should I go to?, H&R or Jackson H??? |
| one asks me for more papers such as fuel bills and license fees paid receipts,the other one doesn't.but is cheaper. ?????????... |
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 Does an inmate in a federal prison have to file federal and state tax returns while they are incarcerated? |
| Does an inmate incarcerated at a federal prison have to file federal tax return for every year they are locked up? Do they have to file state returns even if the state they are presently in isn'... |
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 Is it "legal" to wait untill next year to file ur taxes? |
Additional Details
Im only going to receive a small amount back - does that make a differnece?... |
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 "Where's my Stimulus Payment?" , could someone please set something strait for me? |
| I have checked this and it still is showing now info for us. I have heard some say that you should be seeing your info BEFORE you get your refund? And that it shows the date and everything. Has ... |
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 Do employer's have to pay taxes? (from their own money?)? |
I know they pay the IRS a percentage from their employees paychecks... but do employers have to pay taxes of their own?
If so, what %? (for Los Angeles, California)
If I hire an ... |
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 I have $25,000 in medical expenses from 3+ years ago, can I claim these on my taxes? |
| I had surgery back in 2005 and the insurance I had refused to pay it, so now I have $25,000 in collections. Is there anyway to put these on my taxes now, or should I have done it back in '05? I... |
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 Do you think we pay to much council tax??? |
I do! why dont we brits stick together and get rid of it like we did with the poll tax back in the 90's.
This GOVERMENT SUCKS.
Additional Details
I live on the south coast and ... |
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 How do you figure sales tax on an item? |
| I just started selling avon and its 7 percent here where I am in Nebraska. How do I figure in sales tax for my sales?... |
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 Money Question? |
| What qualifies income as taxable income? What if I was just given $30,000?... |
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 Babysitter will not allow me to claim her wages on income tax...what should I do? |
Additional Details
This is in response to "W", the person that asked me to define babysitter:
Why should I have to define "babysitter"??? It already has a ... |
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 Has anybody actually gotten their Tax Stimulus? |
just wondering?
Additional Details
mine is 84. my moms is between 00-20 and she doesn't have hers either??... |
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| INHERITANCE - Help required.? |
My Grandparents are both in their 90's and have stated for a long time that they wish to leave their house to my wife and I when they die.
My uncle (their son) has said that he will ... |
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 If i'm single, rent, no dependents.....etc, does it matter where get my taxes done? |
| in the past 3 years, i did my taxes online (hr block) twice and went to jackson hewitt last year. i'm a single male, rent, no military background, i don't expense anything (at least i don&#... |
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E | I just won a $37000 car, what taxes can I expect to pay and how much? |
I live in iowa and won the car in a raffle. |
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ninasgramma
|
The taxes depend on your filing status and your other income and deductions. If you are in the 15%- 25% tax bracket, which most taxpayers are, then expect to pay an additional $6K to $9K in taxes on the federal return. Plus state and local taxes, and registrations fees.
A raffle win is considered gambling winnings. If you have gambling losses now is the time to gather up those documents. You can deduct your gambling losses up to your winnings if you itemize on Schedule A.
If you had $37K in gambling losses to offset this win, your net additional tax would be zero, although your AGI may disqualify you from some other credits. |
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silbecl
 |
What is your marginal income tax rate? Apply that rate to the stated value of the vehicle to determine how much tax you're expected to pay.
The value of the vehicle is treated as ordinary income to you. |
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bostonianinmo
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You'll pay state and federal income taxes on the value of the car. The total bite will depend upon your total income. If you're typical, you'll pay 25% in Federal income tax and an additional 5% in state income tax.
You'll also pay the state use tax when (or shoudl I say if) you register it. Not sure what Iowa's is, but here in MO it would cost you about 8%.
Most folks who have wins like this end up selling the prize in order to pay the taxes. |
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airbob61@verizon.net
 |
The value of the car will have to be declared in both Iowa and U.S. income taxes. The value of the car may put you into a higher tax bracket. It's impossible to give an estimate without knowing what your income is. |
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MukatA
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The winning is not subject to social security and medicare taxes. It will be added in your income and will be taxed at your tax rate that apply to your income. |
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Chloe
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Wow. Probably a lot.
Personally, I'd sell it, buy a cheaper car, and keep the change!
Congratulations!
WooHoo! |
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thisiswillbarbersemail
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will probably cost a lot. |
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Dr. Hill Arius
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Dude! That is totally awesome!
Friggin gratz!! |
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