 Is it illegal to file taxes as joint, and forge the other persons name on the return and send it in No refund? |
| Were divorced in May. He had to pay a lot in taxes filing single, so let him file joint to give him a break. I never signed the return, even though he still had to pay in but, less. Is that illegal, ... |
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 Child Benefit Lost Cds- Letter? |
Hello
Everyone in the uk should know about the lost cds by now. HMRC are now sending out letters to people.
If I dont receive the letter does that mean that my details where not lost?... |
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 Ho long does it take to get a p45? |
| i have left my old place on the 1st of may, i still havnt recieved my p45!!... |
|
 What is best to file 0 or 1 when they take money out of your paycheck? |
| I am claiming 0 right now and they take a lot of money out. I have never owed when claiming this and get back about $1,000 when I do my taxes. Is it smart to switch to 1 so they take less out? Of ... |
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 Will I get in trouble with the IRS if I've been married for 1.5 years but my W-4 status is still "Single"? |
| I filed my 2005 taxes "Married filing jointly" without changing my marital status on my W-4 from "Single."... |
|
 How do I claim back overpaid tax? I want to claim for professional subscriptions and laundry expenses.? |
| I work for the Health Service and am allowed tax relief on my professional subscriptions and laundry expenses. I know that you can claim these back retrospectively and there is a company willing to ... |
|
 Just got a $1000.00 bonus versus a raise - which is? |
my boss mentioned she was giving me a raise after tax season and I received a bonus of $1000.00 instead...how should I approach her on this? I think in the long run, a raise is more
beneficial ... |
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 I want to give a cheque to someone which is more than Rs. 50000. Do I need to pay tax on this? What fomalities |
| I want to give a cheque oof more than Rs. 50000. What are the fomalities I need to comply with as the amount will be more than Rs. 50000.... |
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 Canada ONLY: What if I refuse to pay My income tax? |
Hello everyone,
Im a resident of New-Brunswick, canada,and so this question applies only to canadians.
Ive just calculated my income tax and it seems I owe them about 1600$ (because they ... |
|
 Can high tax people avoid paying? |
| OK, I know this guy who works on the railways, maintenance not train driving, and he claims to make really good money, like more than £60,000 a year because he's some sort of supervisor. I said ... |
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 My SSN ends in 06, and I submitted my tax return w/turbo tax on 2/10/08. No stimulus pymt info at IRS site. ?? |
| I went to the irs site and used the "where is my stimulus" tool, but it said it could not give me any information at this time. What does this mean?... |
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 How can i get my P45? |
| A year ago I left my underpaid, undervalued job basically with two fingers up to my boss who had treated me very badly for 4 years, since i have left she has not sent me my p45 which i need as i am ... |
|
 Why would some states charge no Income Tax ? |
| Does it imply they raise taxes on other categories.... |
|
 Can the government garnish my fed tax refund check ? |
| I have some federal college loan's. I haven't paid on them yet, but it hasn't been a year since I received the loans. So this tax season, do you think they would take my tax refund ?... |
|
 Where is My Tax Refund? |
| So, Tax Act tells me my refund should be deposited on 1/25 which was last friday. The IRS says I should have it by 1/29, which is today. Im irritated becuase I dont know if there is sometign wrong ... |
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da1lovely_sclp313 | Is it true that when I pay tithes at my church, can I recieve all that money back in my tax refund? |
I have a statement from my church which states:
"This is to certify that the sum of 500 dollars was to Greater Apolstolic Church by (Me) for the year of (2007) as a tither. these contributions are entitled to exemption from Federal Income tax under provisions of section 501 (C)(3) of the 1954 Internal Revenue Code, to the extent provided in the code.
the above ruling was so stated in letter 440:2-8; EO-EB October 3,1968 by the Internal Revenue Service"..........
Can someone Interpret that better for my understanding? |
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OliveJuice
|
No, you can't get it back but it is itemized as a charitable dudection. |
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Judy1
 |
No, you don't get your $500 refunded from the tax system. IF you itemize, you can deduct it as a charitable contribution - then you'd save some taxes on that, but it wouldn't be the entire amount, it would be the amount times your tax bracket, so if you are in a 15% bracket you'd save $75 on your taxes - the other $425 comes out of your pocket.
If you don't itemize then you get no tax benefit from the contribution. |
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bostonianinmo
|
No, it's NOT true at all. That letter entitles you to claim an itemzed deduction for the $500 you donated. Deductions only reduce your taxable income, they are NOT a dollar for dollar credit.
In order to itemize, your total itemized deductions must exceed your standard deduction amount. That's $5,350 for a Single taxpayer in 2007. If your total itemized deductions are less than that amount then you get NO deduction for your donations at all. If your itemized deductions totalled $5,850 including that donation and you were in a 15% tax bracket, the donation would reduce your tax by $75. |
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stephenweinstein
 |
It means that you can deduct $500 on Schedule A. This reduces your taxable income and either increases your refund or decreases your tax due, but not by the full $500 of the tithes. If you itemize, depending on your tax bracket, the amount of additional refund or decreased payment would typically be $75-$180. If you do not itemize, then there is no effect. |
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shiprepairwoman
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It is an itemized deduction. If you have mortgage interest, property taxes, state taxes and other itemized deductions that are greater than your standard deduction you reduce your taxable income by the excess. |
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AnnieG
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it should be deductible as a charitable contribution. And no you will not get all the money back - it depends on your tax bracket. |
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wartz
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If you itemize your deductions, you will reduce your tax bill by your marginal tax rate which I'm guessing is 15%.
The rest will go on the books as building up treasures in Heaven. |
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Elizabeth I
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You wont get all that money back put you will get a percentage of it back based on what your tax bracket is. |
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Mercedes R
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You can receive atleast a portion of it but you have to put in the total amount to find out. If your income is too high then it might not make much if any difference. |
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