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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?...


 Money Question?
What qualifies income as taxable income? What if I was just given $30,000?...


 What it is the tax limit for female employee?
...


 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 ...


 Where can i get a 1040ez form i didnt receive one inthe mail this year?
...


 Can I deduct strip club expenses on tax return ?
...


 Are fema employees required to pay federal taxes?
...


 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??...


 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 ...


 Can a student get a PANcard.?.when we are not tax payees.?
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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&#...


 Filing late income tax returns for a deceased father HELP PLEASE!!!?
My father recieved a letter from the IRS stating that he did not file taxes for 2006. Actually I have the letter because he passed away in October of 2006. I did not file after getting advise from ...


 Anyone know about capital gains tax?
I bought a house for my Mum & Dad to live rent free in their retirement. Both have now passed on, leaving me with a house to sell.
Will I have to pay CGT on the profits? Purchase price was ...


 Getting screwed by the I.R.S. help?
2001 i owed 1k , 2002 owed 3k and 2005 owed 1k. did not recieve my first letter until 2004 stating i owed. have been recieving letters requesting payment in amount of 10k as of january 07'. rec&...


 Stimilus check question... please help!!!?
When I go to the status thing on the website for the IRS it says how much our rebate is and when it is supposed to be deposited, but it also says at the bottom, please note, you may receive some or ...


 Tax return question. What should I enter in this field?
It says "Enter the amount of any tax year 2006 state or local income tax refunds:"
I don't understand this, would someone explain this to me in normal human language....


 Is it bad 2 say this person isnt here n gettin $$ for this person ??????????
can any1 get in trouble 4 doin this ???????????
Additional Details
takin $$ that this person isnt here dont live here n never will but but im not cashin it im just sendin it out n ...


 Who gets the Stimulus Payments check?
i did my taxes this year its me and a baby . im single and head of household with one child. how much should i get back?...


 If I dont like the results when I do my own taxes, is it worth it to pay a professional to do them ?
...


 I am an NRI & my wife is a house wife. The interest earned on Fixed deposit is taxable. she is a house wife?
She had a FD of approx. 780,000.00 for around 5 - 6 FD. is the interest earned on FD is taxable. she had no other income & house wife She don't have a PAN card also....



pbxgirl
I make 108,000 a year i live in california maried and have a 9yr. and 17yr. old. how much would i have to rite?
off before i can get back at least 20,000.00 back on taxs. i useally get back 13,000 but last year i paid way more in interest. I also had to spend a lot of money on our rental property this year.
                     
 




bud68
Rating
No one could answer that based on the incomplete information you provided.


Judy1
I'm not sure you understand just what a refund is. Through the year you might have money withheld from your paycheck for federal income tax. At the end of the year, you prepare a form called a tax return to calculate how much tax you owe total for the year, and compare that to what was withheld. If you had more withheld than your total tax, you get the extra back as a refund. If you didn't have enough withheld, you have to pay the rest rather than getting a refund.

So if you usually get back around $13,000, then you are having over $1000 a month too much taken out. To get back $20,000, you need to have $1667 too much taken out per month. If you are an employee, you can request them on your W-4 to take out an additional $135 each week more than they are already taking out - then if you would have gotten $13,000 back otherwise, now you'll get $20,000.


viajero_intergalactico
yeah...to get back at least $20,000 you must overpay buy that much.

buy the way, this is just a friendly note: if you are getting back $13,000 then you may already be getting back everything that is deducted for federal income tax. it has been my experience that this only happens at shady tax prep places that pretty much guarantee you will be back next year. but only you know your tax situation. just be careful because YOU will be FULLY responsible to pay back any tax owed and penalties and interest should you get audited.



mamatsidale
Why would you want to have such a large refund? that only means that you have been providing uncle sam with an interest-free loan all year. Try to keep as much of your own money as you can, and invest it wisely instead of waiting for Uncle Sam to give you back your money...


travelguruette
Why do you want a bigger refund? To get a bigger refund you have to pay more. Basically you get back what you put in. I would have better uses for the money now. We cannot answer that question without knowing all your financial aspects especially not know anything about your rental.


xtraheavy01
Rating
If you want to get $7,000 more a year then last year in your refund, assuming your wages of $108,000 did not change much from last years filing,
You are probably are in the 28% income tax bracket where you would have to have $25,000 in additional deductions.

This could be in the form of more mortgage interest expense and more deductions on your rental .

I am assuming that you are strictly referring to your Federal Income taxes and taxes not including the state.

Hope this helps.


Jss
If you file MFJ and claim standard deduction, your federal income tax is $16,206. Your refund will depend upon your tax withholdings.


Tapestry6
Rating
Call a local CPA they are in the yellow pages and will give you free advice on your taxes.


wartz
You don't understand the system. You need to sit down with a tax professional and analyze your situation.


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