 How many kinds of taxes are there ? |
| such as income tax,wealth tax etc how many are ... |
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 Do I have to claim taxes if i made less than 8,000 dollars? |
| I live in california, and i am currently a full time student (19 years old). I wanted to know if i have to claim taxes although i made only $8000. is there any minimum to claim taxes in California?<... |
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 Why is it that we are double taxed ? |
| I am doing a report on school work. My question is why is it when you purchase a item like a new car for example you are taxed a percentage and lets say you buy a used car the tax has already been ... |
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 What should my filing status be , If I just got married in June and my wife doesn't work? |
| Also can I claim her as a dependent? Just need a little help with what I should file at the end of the year ?... |
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 What happens if my home is repossesed? Do I still have to pay off debts?? |
Me and my boyfriend bought a house last March and we have just split up.
He is now living round his mum and dads, and leaving me at home with our 1 year old baby. I can cope, he still ... |
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| Can my boyfriend claim the childcare credit if I claim our son as my dependent? |
| We have a 6 month old son. We have been living together since he was born. I will be claiming him as a dependent as I made more money this year. The daycare credit will not make any difference in ... |
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 I've heard income tax is illegal...? |
Can anyone point me to CONCRETE information that refers to this? Such as laws, court judgements, etc.?
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Angel - Yes I heard that too, but when I looked it up the 16th ... |
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 My parents wont give me an allowance and i need money what should i do? |
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and i have pretty good grades and im responsible but they still dont give me money..... |
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 If I am not itemizing, can I still deduct medical expenses? |
| We are taking the standard deduction. We have a lot of medical bills; can we still deduct these somehow?... |
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 Has anyone used the Obama tax calculator on his website? Put in$150,000.00 and said I would probably get zero.? |
| He's lying about his tax plan. $300k, $250k, $200k, $150k or less? He's been all over the map and very untruthful.... |
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 Does anybody now if the qeen pays council tax? |
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just wanted to now really myself and my partner where on about it.... |
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 Did anyone get there stimulus paper check today? |
| Did anyone get there stimulus paper check today? woundering if they sent out any numbers ending 60 and up?... |
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carl_marxx2000 | If I am married and have two children, can on put on my W-4 form for my employer, single and claims zero? |
Or is this illegal? |
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Lisa A
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No law says you are required to claim your dependents, either for withholding purposes or when you file your taxes. You will get found out and thrown in jail for claiming more dependents than you have though.
You must report your correct marital status however. |
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facefind
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Yes you can...and no it's not illegal, until you file your taxes for the year...but why would you want to do this? If it is so you can get more money back at the end of the year from your tax return, consider this...open a savings account, that money you'll get interest on...you don't get interest from the IRS! Many companies have banks or credit unions that will take the money directly out of your pay at the end of the week. Look into a 401k or other account if savings doesn't suit you. Having the gov hold more money won't get you more on the earned income credit either..so, I would find a savings account, or rainy day account for medical bills..for your kids..many states have that now too. |
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M S
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You can claim whatever you want on your W-4 for withholding, but that won't change your tax liability when you file your taxes. |
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WiseOwl
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No, this is not illegal. In fact, there is a check box that says "Married but withhold at the single rate".
Like others have said, you'll probably end up with a big tax refund, which means you gave the government an interest free loan.
Go ahead and claim zero exemptions. After your next paycheck where your employer takes out a whopping big amount for taxes, fill out a sample tax form using just the information from that one paycheck. Figure out the yearly wages and the yearly taxes withheld, and to make this little exercise easy, just take the standard deduction (don't itemize), and see how big your refund will be.
If it's a large refund, think about who could make better use of that money during the year, you or the government?
You can always submit a new W-4 at anytime. |
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FastDyna
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It is not illegal. When you file your taxes you will get all that extra deductions back. I would file correctly, and ask my employer to take that extra money and deposit into an interest bearing savings account. That way you can always access it and it will gain the interest monies too. |
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Darby
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You can put anything on your w-4 that you want to. If you use single and claim zero, you'll have a slug of money withheld for taxes on each check. Some people do that on purpose so they get a bigger refund at the end of the year. |
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eccentricjules
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One thing you can usually do if you want more taken out is say Married with 2 dependants and most places will let you do a plus $(you choose). I used to do S-1-+$4
I understand where you are coming from... some people prefer the extra $5 in each paycheck but a person like me has a tendancy to waste it. I like the larger refunds because I can do something with it. |
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whatevit
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An understated W-4 form is not against the law. The employer shall take more pay out of your pay check than you would pay otherwise.
If you over state the deductions, your employer shall take less out of your pay check than you should have taken out.
You have broken the law if you file a false tax return. If the tax return is correct then the law is not broken. |
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55yrsnholdin
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Yes, or even claim just one now. Of course there will be a much heftier amount of tax withheld, but you will get it back! It is kind of like a once a year savings account. |
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John B
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It's perfectly legal to claim less exemptions than you're entitled to. That way Uncle Sam gets an interest-free loan and you don't get socked for a lot of money when you pay your income tax. You may even get a refund. On the other hand, claiming more exemptions than you're entitled to is a no, no. |
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