 Why did I only get $300 for my federal rebate? |
| I thought it was based on income i made 20k last year and I only got $300 from the federal government. I have read many of the yahoo posts and don't understand why I only got back $300 instead ... |
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 What benefits would I be entitled to claim? |
Hi, I would welcome any advise that people could give me.
I work full time earning roughly £22,000 a year. My husband also works full time and he earns roughly £25,000 a year. We have ... |
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 Can i file separate w-2 forms? |
| i started a new job at the end of last year and have two w-2 forms will they let me file them at different times. or can i file the smaller one next year?... |
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 How much must you earn to file taxes? |
| I'm 17 right now and have a job.. however I heard if you make less than a certain amount, you don't have to file taxes for that year? Is this true and if so, what is that amount?... |
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 B4 my grandfather died, he put some stock in my name, and wished for it to be turned over to me when i was 18? |
| he left a woman named elaine as the custodial guardian, technically/legally it wuldnt be mine until im 21, but since he wished for it to be mine at 18, elaine cashed it and sent me a check for $10,000... |
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 Can my x wife file taxes by her self ? |
| me and my wife are getting divorced , it will be finalled in the begining of jan. I was the only one who was working and paying for everything until Nov when we get separated and she started working ,... |
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 I have a tax question? |
| I have three kids and i only claimed two of them on my taxes because someone had told me that your refund wont be any more for three kids than if i only claimed two. So i only claimed two of them. I ... |
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 Is it possible for my wife and I to get a refund on property taxes that our county now admits we overpaid on? |
| We felt we were overpaying on our taxes for years. Our neighbor has a very similar house and his taxes were substantially less. We grieved it several times using his house as a comp and were denied.... |
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 I havent filed my taxes in three years...? |
| what i wanna know is, what's gonna happen when i file my taxes this year? am i gonna get all my tax returns for those years or only from last year?... |
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 Should I file my wifes info if she only made 3832.94 last year? |
| The reason I am asking is because I get diffferent responses saying she didn't make enough and some saying she did.... |
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 If I have more than one w2? |
| They say that now all you need is one pay stub and they can do your taxes. If you have had more that one job this years and don't have the w2 form from your last job is this still an option?... |
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 Do children that work have to file taxes? |
would a child thats been working on and off for the past 4 years
Additional Details
if they do why dont children or there parents get in trouble when they dont do ... |
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 I am both the executor and beneficiary of a will but I don't want the inheritance, don't know what to do next! |
| What steps do i take to refuse this inheritance, the will was my father's but the property belonged to him and his surviving spouse but left his half to me, but I don't want it and don'... |
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 Should there be a tax on any vehicle getting less than 20 mpg? |
If we can't ban them completely.
I don't know how I feel on the subject, but it is worth discussing. I happen to be fairly conservative on most things, but something has to be ... |
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 A VERY important question about the 2008 refund stimulus payment? |
| Okay when I filed my 2007 tax return I used direct deposit to receive my payment but a month later I closed that bank account that i used to receive the money. Now I am waiting for the 2008 refund ... |
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 In your opinion, which is better H&R Block or Jackson Hewitt? |
| Which is the best place for tax preparation, and why? Thank you in advance.... |
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grandmasterlau | Is it common to have 30% of your paycheck witheld for taxes? |
I thought it was usually around 20%? Is there anything I can do to withhold less? |
 |
 
PepsiLime
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if your income is high enough, then your withholdings would be more. Either earn less money, or check with this website, www.paycheckcity.com to make sure that the proper amount is being withheld. Are you including in the 30% social security taxes, which would be 6.2% of your paycheck, and medicare taxes, which would be 1.45% of your paycheck, and possibly state income tax withholding, which I don't know, since I don't know what state you're in? The 20% would usually be just the federal withholding, but you may be including everything (including the kitchen sink) for the 30% number. |
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Double A
 |
You can ask your human resources department to withhold less, but be careful because if they don't withhold enough you'll owe the IRS a bunch of money come April. |
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skipper
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Your employer will withhold 7.65% for social security/medicare. If you live in a state that has a state income tax, that will also be withheld. The federal income tax withheld is based on your income and the number of withholding allowances you claimed on your W4 form. For example, if you are paid biweekly and you claimed one withholding allowance and you are single, the amount withheld for various incomes would be-
$520 gross: $39.76 FICA + $28.70 FWT = $68.46 (13.2%)
$1420 gross: $108.61 FICA + $163.70 FWT = $272.31 (19.2%)
$3095 gross: $236.75 FICA + $ 582.45 FWT = $819.20 (26.5%)
$6393 gross: $489.05 FICA +$1505.89 FWT = $1994.94 (31.21%)
[FICA is Social Security/Medicare; FWT is Federal Withholding Tax.]
If your employer offers a 401k plan, investing part of you pay in the 401k will reduce your taxable income. Increasing your withholding allowances (on the W4 form) will result in less tax being withheld. (However, it will not change the total tax that is owed when you file your tax return.) |
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Judy1
 |
It depends on how much you earn, what you put on your W-4, and where you live. You'll pay 7.65% for social security and medicare, then also possibly federal, state and local income taxes. |
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pink1957girl
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depends on your income. If you are in the 25% tax bracket, you wouldn't want only 20% withheld.
Is that 30% federal plus state plus SS & MC or is that 30% for everything? |
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Suthern Yankee's S.O.
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Its not unusual, but you need to check your deductions. are they deducting 401k? Health Insurance? That figures in. If they are taking 30% before health and 401k, i'm saying that's kinda hefty. A good Accountant can tell you if you are getting too much taken out. |
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Keith
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It depends how much you earn.
You may need to change your W-4.
Your employer may be running your payroll wrong like paying you bi-weekly while imputing weekly on your payperiod. Check your paycheck advice.
See IRS.gov |
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Dale H
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Witholding from paychecks can range from 15% to almost 40%, depending on income.
You can help reduce this amount to zero if you will write your congressman and demand that he support the FAIR TAX--a National Comsumption tax instead of a tax on labor. You would recieve your check without any federal withholding. Tax revenue would be collected at the point of sale when you purchase new goods or services. There would be no tax up to the poverty level for anyone. Get "The Fair Tax" book and read it. There is a tax reform bill in congress, HR-25, that would replace the present tax system and do away with the IRS. You would never have to file a tax return again. The Fair Tax is revenue neutral meaning it would supply the government with the same amount of revenue that our present system does but spread it over a broader base. The underworld, prostitutes, druggers would now pay taxes! We would do away with spending over 250 BILLION DOLLARS each year just preparing tax returns. Everyone would pay only 23% on purchase of new goods and service once they had exceeded the poverty level. Used items would not be taxed a second time which would include homes and automobiles. |
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