 How long do I have to file my taxes? |
| I'm pretty sure that if the IRS owes you money on your taxes then you don't have to have them in by April 15th. I think you have like 3 years to file if they owe you. My question is, can ... |
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 Why do we get more money when claiming job seekers allowance and housing benefit rather than working full time |
We are family of four with two children under 4, living on full housing benefit and job seekers allowance. Cannot get council house so renting privately paying £1050 per month.
I tried to go ... |
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 Is it right for your ex husband to claim one of your children on his taxes even when they live with me? |
| My daughters live with me all year except for 8 weeks in the summer, and he claimes one of my daughters. It would make a big difference in my refund if I claimed her. He had it done up in the divorce ... |
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 Why do americans pay income tax? |
There is no law requiring you to do so,and it all goes to the privately owned fedefal reserve.
Additional Details
Federal reserve*... |
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 Help!!! What can I claim for!!!? |
My husband has just lost his job. I have two children 3 and 1. What benefits can I claim.
The lady in the job centre said we could only claim Job seekers of £94 a week.... |
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 My TAXES…Should I file, Should I not file? |
| I have been living with my parents, and still living with them. I’m 21, attending college and working at the school. Last year, my W-2 came, but did not file it. This year, it came again and was ... |
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 I'm 17.Can I still a tax refund even if my dad claims me as a dependent? |
| I work at Burger King and I got my W-2 in the mail about 4 days ago. My dad is worried that if I file my taxes(which I admit wont be much),he will not get any noney for claiming me as a dependent on ... |
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 Should we file our taxes together or separately? |
| I am an unwed, unemployed mother of one. My boyfriend told me that I would get back around $3,000 for my tax refund. (He said that I would get a pretty big tax return because I have a dependent. He ... |
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 Do we have to pay back our stimulas check from last year?? |
| my hubby's friend just texed him and said that he got messed over n his tax refund. he said that he has to pay back his stimluas package from last year!!!!!!!!!!!... |
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 I withdrew my 401(k) last year, how will that affect my tax refund? |
| I usually get back roughly $600 (500 from federal and the other from state), but last year, my debt was ovewhelming and I withdrew it all ($1,500) to pay off some bills. Im 22, and last year I made $2... |
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 I have just recieved $300 from the IRS when they have already paid me my taxes. What is the deal? |
| I just checked my bank account and SUPRISE there is $300 from the IRS when I have already got my taxes back from them. Should I wait a while to spend that money, maybe they will take it back. Or ... |
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 I need tax advice anybody? |
| my girlfriend and I have lived together all year with her 2 kids and I work she dont I am going to claiim her and the 2 kids as dependants would marriage this year make a significant difference come ... |
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 How can I offer pre-paid gas cards to my employees as a "benefit"? |
I'd like to offer $100 prepaid gas cards to my employees every month and structure it as a tax free benefit.
I'd pay less as an employer and they would get the gas card with "... |
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 SALES Tax IN TX? |
| How much sales tax would be charged when I buy a product that costs $325 in Texas?... |
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Sade B | Is it illegal to overpay taxes? |
I filed taxes for the first time Jan 2008. I made about 5000 for the year first job only worked 5 months. Anyway had my job taking my 125 out each of my checks eventually adding up to 2000. I thought that by doing that I was saving from myself. But I was told that I can't do that. How does a w4 work i really don't understand. |
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Joshua R
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It is true it is not illegal, and I understand the idea of saving for yourself but you get no benefit for the money you save, no interest. Recommend lowering and if able automatically save x% at least 10-15% in a savings account, money market, or mutual fund. You have the right idea to save but you are giving the gov't a fee loan which is nice for them but does not help your situation.
Also if you are a student chances are you won't have to pay any taxes so just ask your employer not to take out any taxes accept for FICA and Social Security. |
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Katie W
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Uh... no. Who told you that you "can't" do that? A lot of people do, and cheer when the "free" money comes in in April with their tax rebates.
However, it's not the best thing to do with your money, unless you're so undisciplined that that's the ONLY way you can keep yourself from spending it. Think about it: it's not "free money that the government is giving you" like so many people think it is; it's your OWN money that they're giving back after you've given them the use of it for free -- for up to 14 months! You could be the one with it socked away in a savings account, earning interest for you instead of for the politicians.
Of course, you don't want to underpay dramatically either -- the IRS likes having their hands on the money they are legally entitled to. If you underpay by more than 5%, generally they charge you fines. If you can get your taxes owed (if any) withheld right on the nose, that's the best thing, financially. |
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Dixie
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No but they will take there own sweet time giving it back to you.So don't be in a hurry. |
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*****
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No, this is not illegal, unless they just passed a law against it. |
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Billie
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Is your question rhetorical? |
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Brian A
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Not illegal, but not a very good strategy either. If you don't have the willpower to save, almost every investment/savings account has the option of regularly scheduled deposits. Have them take the money out on payday and you will never have the chance to spend it. |
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Andy
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Not illegal but not smart either ... you're giving the gov't a loan of your money but they aren't paying you interest.
Line "6" should be zero and put "1" on line 5. |
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wartz
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About half the questions in this forum concern refunds of overpaid taxes. These folks don't sound like criminals. |
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stevexnelson
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No. It's not illegal to overpay your taxes. It's a much better strategy than trying to come up to pay your taxes if you don't without enough.
Good luck. |
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Shennell T
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no,they would never give it back though and why would you over pay. |
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