 Does turbotax work well? |
I have seen all of those commercials on TV and was thinking of using it in the future. Is it easy use? Is it worth it? Let me know what you think. Thanks!
Additional Details
thank ... |
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 I won 500,000 GBP in google anniversary gift what do you think ? |
| my dear friends i receive a mail from infolotto@gmail.com it say's i won a google anniversary gift prize 500,000 British pounds is this true ? is there any google anniversary? and one more thing ... |
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| Who pays for other peoples sick pay, maternity pay, jobseekers allowance etc? |
| I was just wondering, who pays for these things? My friend has been laid off from work and is on job seekers allowance (dole) and my other friend commented about it saying 'all us working people ... |
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 How does a person have a business and not be found or made to pay taxes? |
| my ex husband has a business that is not files with the state, but operates like a ligitiment business. He does not pay taxes. Is there a legal way to make him pay his taxes?... |
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 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 ... |
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 I stil haven't gotten my tax return back!? |
| I filed an extension for my taxes in April and had until Oct. 15th to file. I sent everything in around the middle of September and still have not receieved my tax returns....is this normal? I'm ... |
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 My partner has been sent a tax bill for 11.000 pound but he hasn't been self employed for 5 years.? |
| for the past 5 years my partner has not been self employed he has worked for a building company and in a wearhouse and pays tax though his wages every week so why does he keep having letters saying ... |
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 Do you know when recession or credit crunch will be over in the UK? |
When will the recession in the United Kingdom be over, and the market up and running again? I hope not in 2010!!!!
Please tell me your source...
Additional Details
If some ... |
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 Am I liable for my husbands taxes - he doesn't file taxes? |
| Married 12 years - husband is self employed. In 2000 I found out that he had not actually filed the taxes and after I threaten divorce he did file and pay (as far as I know) for 1995 - 1999. At ... |
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 Why are groceries taxed in some States? |
| Groceries are a necessity of life. Why is food taxed? It seems that State governments only wish to harm the poor and low income.... |
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 Do you agree or disagree about the tax rebate checks? |
| i think it's so unfair the way it was decided on when you will get your rebate.i think it should have went solely based on when you filed instead of your last 2 digits of social.b/c who has ... |
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 Is the 800 per person tax credit a for sure thing? |
| or is it still just being talked about? I'm a little confused on what this would mean. Hypothetically, if you got 300 back in taxes normally, would this mean you would get a check for 1,100 ... |
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 Income and Council Tax (UK) who is it for? |
Am i right in the following please:-
Income tax is deducted and contributes towards maintaining bodies like the Police, NHS, Armed Forces and Social Security....etc
Council tax ... |
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 Do you think younger people should have social security taken out of their check.? |
| I am 23 years old and social security takes out more money then everything else except federal. Should we really have to pay social security when we might not ever see it?... |
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 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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xMonkeyx | Is it possible for a greater tax refund (due to credits) then the amount that was actually taken? |
By taking the following credits:
Credit for Child Care Expense
Child Tax Credit
Earned Income Credit
Additional Child Tax Credit
while claiming Head of Household, I am calculating a refund greater then what was taken out of my paycheck last year. Is this possible??? Everything mentioned above are valid credits that I am entitled to. |
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Barkley Hound
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With the earned income credit you can get back more than you paid. There is even a form you can fill out that will let you get it added to each paycheck. |
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tommy44432
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Yes...it is most definitely possible that you could be eligible for a higher income tax refund than what you paid in. Happens to my daughter all the time. Low income....lots of kids. Deadbeat ex-hubby! |
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Captain Jack
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Yes...very possible. They are credits, not deductions...so you get the full amount even if you didn't pay that much in.
Can I get 10% :-) |
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Dear need to know
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yes this is possible. It falls under the earned income credit. you made less than the allance for so many in a family and you are compensated for that. |
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brandonolsono
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Yes, most likely if you qualify for a child tax credit, Earned income credit and so on, You will probably get all of your with holdings back along with your credits. It just depends on your income and how much you had withheld. This is on federal taxes, the state is a whole different story! |
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rjnhalley
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Yes, because these are "tax credits" , the government gives you this money plus whatever was withheld from your paychecks if you are eligible . The website below will explain each credit. |
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vette802002
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congrats..its possible and i've been in the same situation...get your money and enjoy..thats what i do... |
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sloop_sailor
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It all depends upon where the credit is given. If the credit allows you to deduct from the income, it will reduce the gross income but you cannot claim a negative income. If the credit is given towards the tax due or refund owed ( the earned income credit, for instance ) then yes, it is possible to receive back more than you paid in. |
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perleo
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Even if you had claimed 4-6 exemptions or not any on your W4 withholding certificate, this amount is the amount you paid the IRS is federal as well as state withholding. Your tax liability is taken into consideration after your filing status, which was head of household and the amount for each exemption you are claiming, which for 2006 is $3300 each. Next there are credits such as child and dependent care, child tax credit which reduce the amount of your tax liability to the IRS. Then if you carry that down and subtract what your federal withholding was and if there is any additional child tax credits. Any amounts greater than what you paid in is what your refund would be. I've seen some refunds go well above $7,000 for a single parent being head of household and income and exemptions (you and the kids) within their guidelines with the credits I mentioned. |
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Judy1
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Only the EIC and the Additional Child Tax credit are refundable, which means you get them whether you owe any taxes or not. The Child Tax Credit and the credit for Child Care Expenses reduce your taxes, and can reduce them to zero, but you don't get the difference back in cash. |
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CPA
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There are two types of credits...Refundable and Non-Refundable.
Refundable credits are not limited to the amount of your tax while non-refundable credits are.
The earned income credit is a refundable credit so it is possible to receive a refund greater than your total tax. |
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angie
 |
Yes.
I made roughly $20,000 last year.
I had almost $800 withheld in Fed. Tax.
With the 4 credits above, I am getting approx. $5600 back from the IRS.
I claim 3 exemptions (myself & 2 kids) & single head of household on my taxes. I claim 3 on my W-4, so the tax that is withheld is right where it should be. If I was not able to claim the above 4 credits, I would only receive about a $600 return. If I would have wanted more back in my return and less in my paychecks, I would have only claimed 0,1 or 2 on my W-4. My employer would have withheld more taxes and my refund would be bigger.
I also have student loan interest and also that new telephone tax credit as well.
Who says kids aren't good for anything???? lol...just kidding!!
If you make under $53,000, you can file FOR FREE on the IRS website.
www.irs.gov and look for the "free file" link. It will be there tomorrow. Follow the directions and it will bring you to a list of companies that you can file through. I have used H & R Block for the past few years and I have never had any problems. It is easy and if you do it this week, you should have your return, if it is direct deposited, on the 26th of Jan.
If you need any more help, let me know. I have done taxes for 6 years both on my own and for a professional company. |
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ulo
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questions about 1099 how much do i have to pay irs. |
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