 Is this 2008 Tax Rebate information true? |
| I found, on the irs website, that if you had your tax prep fees deducted from your refund amount for the 2007 tax year, than you would be getting a paper check in the mail even if you had your tax ... |
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 Can my parents claim me on income tax if i'll be 23? |
I'm going to be 23 by the time 08 income tax time comes around...
My parents are going to claim my son, can they claim me too if i didnt work at all in 2008?
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 Why do so many people wait till the last minute to file their taxes? |
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So I guess everyone who waits does so because they owe. Why don't they just have more taken out or file quarterly instead?... |
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 Big bonus check comming soon, what can i do so they wont take alot of taxes? |
| can i change the amount of dependents? if so, how many dependents? is there a limit? im aware of the penalties at the end of the year, but i only want to do this on 1 check.... |
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 Question about tax return? |
| I had my 1st job this summer I worked 4rm the end of May to the second week of August for min. wage. I also have 1 yr old daughter. My question is what exactly do I need to do to get my taxes back? I ... |
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 Taxes: How many to claim on W-4 (Expert advice only please)? |
I am getting married tomorrow, and in leu of that, my fiancee and I are updating our w-4's.
A little background:
a) She has a son, 2 years old, that lives with us full time
... |
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 Does anyone know anything about Council Tax? |
| If you are in full time employment but live in a household of students (who pay no council tax) how much council tax do you have to pay?... |
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 Based on my values what Candidate is best for me? |
I make over $200,000 per year & will inherit over 7 million.
I don't want to pay any tax on that $7 million!!
I dont want my taxes to go to;
(a) people or children who can'... |
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 What happens if you don't pay Federal Imcome Tax? |
| I just watched Zeitgeistmovie.com. And some former IRS agents said that they could not find anywhere in the constitution or any place else where it was law that we pay Income Taxes. These two ... |
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 Question re jobseekers allowance? |
| i made my initial claim for jobseeker's allowance on 29th April and have still yet to receive any money. i phoned jobcentre today and they said that the processing department had simply ... |
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 Should I pay property tax? |
| My home is going into foreclosure, I don't think I should pay the property tax. why?... |
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 Dole money, UK? |
Our lass was made redundant 3 weeks ago and applyed for the dole today.
She starts a new job Mid June but we pay so much tax we thought we'd claim the dole for the 5-6 weeks until ... |
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 Will my daughter have to pay taxes on this? |
If I pay off my daughter's bills ,including her vehicles, will she have to claim it as income and pay taxes on it? The total would be forty thousand.
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She is not a ... |
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 Tax credits annual review? |
| i filled in the form but after checking details our income was £500 less than the year before does that mean they will owe us money?... |
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 Why does the uk let the government act the way they do..council tax..? |
| I've lived in england all my life and I cant believe we are letting our government get away with the stuff they are doing..specifically Council Tax... I understand that they may have to reform ... |
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 If you win 1.000.000 on deal or no deal, how high are the taxes? |
Won´t they be like a minimum of 27 % and depend on the rest of your income?
If you make 40.000 a year and win 1.000.000 - how much do you get to keep?
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Just for ... |
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 Benefits??? Am I able to claim?? |
| I gave up my job as a manager two months ago, as I found it to stressfull. I have never claimed before. I live on my own and rent a private house. I am now running out of money to pay for it all. Can ... |
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ichabod40 | Is it legally okay for a single person to claim more than one exemption if he/she has no dependents? |
I want to reduce the amount of income that is taxed each month because I always end up with a large refund at the end of the year (I live in California). |
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TaxGurl
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You can set your W4 allowances anyway you like. There is a W4 calculator on www.irs.gov that allows you to enter your income, expected deductions and expected credits to tell you how to set your W4.
If you are receiving a large refund, you can probably safely raise the number of allowances you are claiming on your W4. If you claim too many allowances, you will not have enough tax withheld and may be liable for penalties at the end of the year.
Generally, a single person with no dependents would claim zero or one allowance. However, if you qualify for special credits you should set your higher. For example, I know that I will be able to claim the maximum Lifetime Learning Credit next year which will give me a $2000 credit. Instead of getting a $2000 refund next year, I set my W4 to single with 4 allowances. I will still get a small refund but my paychecks will have less taken out each week. (I don't like giving the government an interest free loan all year when I have much better uses for the money) |
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bostonianinmo
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It's quite legal to claim extra withholding exemptions on Form W-4. It's a very good idea actually, if you are getting a large refund.
There are worksheets on page 2 of Form W-4 to help you calculate the correct withholding amounts. Use them! |
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dolphin2253
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It is okay for you to claim that more than one during the year. You just have to be sure to file correctly when tax time comes. |
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Judy1
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Yes, you're allowed to claim however many allowances on your W-4 that would take you to breaking even at the end of the year. |
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extra_37
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Yes. You can claim as many exemptions as you want (up to 9) for withholding purposes. |
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Mark S
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I'm assuming you are tolking about claiming allowances on your W4.
Claiming more allowances will decrease the amount of tax withheld. You can claim as many allowances as you want. |
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sharen d
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If you have no dependents than you have no bussiness claiming any.Yes it is illegal.We all have income tax to pay from time to time.Just deal with it. |
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roxiecat4200
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Sure, you can claim as much as you want...it all even out at the end of the year. |
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x
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If you get a large refund, then they, your employers are taking too much taxes out for you.
And "trying" to claim another person would decrease your taxes so you would get more back again!
Just ask your Employers to not take so much out and show them your refund and they may do it, or, they may not its up to them.
(Oh, you can "not" claim another person on your taxes, on your income tax form, and I doubt if they will do that for you on your W-4 form).
I wish you well...
Jesse |
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khorat k
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sure it is ok if you are blind or over 65 years old or both. |
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