 Hi, My daughter has left school and got her fist part time job.? |
She is only 16 and is being taxed on everything she earns.
Is this right? If not has any one got any advice on how i get the tax back for her or get a lower rate??... |
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 Has anyone got their tax rebate on time? |
| My SS #'s are 69, which according to the schedule the deposit date would be the 9th. I used DD when i filed in january. I am eligable for the rebate, but i have checked the irs website and when ... |
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 My girlfriend and I are, obviously, not married. Can we both claim our new daughter for taxes? |
| We are each filing our own taxes, but the code is a little confusing. Can only one of us claim our daughter, or can we both?... |
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 I received my husband and I's stimulus check and cashed it at the bank, Do i have to split it with him? |
| My husband and I are seperated...i received the stimulus check yesterday, Both of our names were on the check, I took it down to the bank, Only signed my name and they cashed it for me. My husband ... |
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 If we ALL stopped paying Tax.......? |
| would we MESS up the whole system if we ALL STOPPED paying taxes for, say, three months? would we all be made criminals?... |
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 STOP paying YOUR MORTGAGE? - England.? |
| Apparently I`ve heard that on the 1st March, 2008, everyone in England is going to stop paying there Mortgage payments for 6 months, in protest of mortgage Inflation....Is that right? and would that ... |
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 Has anyone refund status been updated yet? |
| wanted to know if anyone got their original date back to the way it first was because I know yesterday the IRS was facing a lot of computer problems? or is it still saying the 10th or the 24th?... |
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 Will I receive a stimulus payment if I dont file my taxes this season? |
| I owe for last season taxes still (1099) and I dont plan on filing this year, I heard somewhere that my stimulus payment will be credited to my owed taxes, is this true?... |
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 What will happen if your employer doesn't send out the w-2 by Jan. 31st? |
| Nobody has gotten a w-2 from this company as of yet. What happens if no one gets their w-2 by the 31st?... |
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 How do I prepare my taxes from my home computer? |
| This will be my first time filing my taxes on my computer. I file a 1040ez or 1040a, no kids, no property, single, no additional income outside of my job. What is the best software to use or does the ... |
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 At what point is it necessary to declare for tax purposes money received for a task? |
| For example, if I move and pay my friends $100 each to help me load the moving van, obviously no one is going to declare that as taxable income. The high-school kid who mows my lawn every couple of ... |
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 Who do u think will get bk more by claiming daughter? |
| i worked last year and my girlfriend didnt. she can file earned income credit right? do u think she could get more back by claiming her or would it be the same no matter if i do or she does?... |
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 Can we have tax exemption when we buy a new car? |
Additional Details
Actually i am a software professional, that's y i am ... |
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 I am so confused. Rebate checks direct deposit..? |
| We used Turbo tax for taxes and only had the fees taken out of refund. Our 2007 refund came directly from Federal Govenment NOT SBBT (I checked my statment) Will I recieve rebate direct deposit ... |
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 Does anyone know the penalty for filing a false tax return to get a bigger EIC refund? |
| I know someone who has said they made more than they did to get a bigger EIC tax refund. This person has an otherwise spotless criminal record, and is a single mom of two kids. She wants to come ... |
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bubbas | Is it best to overpay Uncle Sam and get a tax refund, or get more in your paycheck....? |
and receive little to no tax refund?
which option would give us more money in the long run? |
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Confused Republican
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Even if you spend money the moment you receive it, it's better to reduce your refund and take your money now (as long as you don't have to pay more later).
Time is money. You could invest the increased income you receive from not having so much withheld and receive some kind of return on it, such as interest.
Or you could spend the increased income. If you spend it, you're still saving as compared to waiting to receive the refund. That's because (1) prices very seldom go down over the course of a year, and (2) you get the use of something that you bought during the time before you would have otherwise received your refund.
The IRS knows this. That's why they never send out a notice saying, "We're worried that you're withholding TOO MUCH. Please don't give us so much money!"
If you want to save your money but you have trouble resisting the impulse to buy, then that's not a tax problem, it's an impulse control problem. Economically, it's always better to receive $100/month this year than $1200 in one lump next May. |
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DJ
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If you take the extra in your paycheck and invest or save it - that will give you more money in the long run because it will earn interest, or earn dividends or grow in value.
If you can't resist spending that extra money, then for some people it is better to let the IRS save if for them - but they earn no interest the amount they have overpaid! |
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Johnny Friendly
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It is best to overpay as little as possible and get little or no tax refund. When you overpay, you are essentially giving the government an interest-free loan. I think you could put that money to better use, don't you? |
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Julie T
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Technically you will get the same either way but if you are the type of person that will put it away either in a high yield savings account or know how to invest money then get more in your paycheck. This way you will have your money plus interest. If you are like me and will just spend the money then I suggest you wait for it until you get the tax refund. |
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Doctor Deth
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I always like to get at least $500-1000 refund - getting it as an extra $10 or 20 per week in my pay - I'll just spend it and not even notice it - at least with a big chunk at refund time, you can use it for big things, vacation, investment, etc |
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Shaq A
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keep your money and invest like uncle sam does |
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Judy1
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The total money is the same amount - the only thing that changes is when you get it. For each dollar more you get per week, you get $52 less as a refund. |
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mommie2
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It just depends on your situation and if you need more money now then I would change your w2 at work that is what we do. But if you don't need it now and can wait until the end of the year then do that. |
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orlandocarswell
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Use your Pre paid Legal Services membership so you can talk to an attorney as much as you need to get the right answer if dont have one email and i will give more info |
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