 Why does the Goverment take so much out in Taxes? |
Just finished doing my Taxes, I'm single in my mid 20's, and make about 45k a year. I claim 0. The Government takes close to 30% of my income out in taxes.
I in all honesty ... |
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 Has anyone won the Uk lottery and gone through the procedures to get the money? |
| I was told I won and they need a bank # to transfer money. I filled out application for lottery and been speaking to bank in UK... |
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 The last two digits of my ssn are 92. I have been assured by the IRS that I am eligible for the rebate.? |
| I received my refund via DD. I should receive mine by the 16th. But the "Where's my stimulus rebate? page has no info available. Does anyone know when and how often this page is updated? H... |
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 If your tax refund is delayed, Did you get the "accepted" status on your efile from Turbo Tax or such? |
| Wondering if my refund IS in fact delayed...did anyone get the check mark and accepted on Turbo Tax?... |
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 IRS tax refund checks? |
| Anyone know ANY info at all about WHEN the check is expected to come in? or HOW MUCH were expected to get? please link to where you get this info because i cant seem to find it anywhere. thanks.... |
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 My first w4 form? |
what do i put on my first w4 form?
im 17
single
no dependants
but i am a ... |
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 Does anyone know anybody that doesnt pay their taxes on purpose? |
| JUST CURIOUS , I WAS READING UP ON IT , AND IT SEEMS LIKE A BIG GAME ALMOST!... |
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 Can I file a 2007 Tax Return ? |
| I lived on savings in 2007 and had no income for the year. I am in the ministry. Can I file to claim EIC for my two children and possibly child tax credit?... |
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 Obama to raise taxes? |
Everyone is saying obama is gonna raise taxes has anyone seen his plan where are you people getting this info from.
Families making more than $250,000 will pay either the same or lower tax ... |
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 Do i have to pay tax? |
| if make money by gambling, but do not have a job, do you have to pay tax on the money since its your only sourse of income?... |
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 Being self employed? |
| I went for an interview for a job today and the guy asked me if I would consider being self-employed as I wouldn't have to pay as much NI, and he could pay me a bit more. He said his accountant ... |
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 Shouldn't my P60 have been in with my April wage slip? |
| I don't want to be one of those people who overpays my student loan so I am keen to get the repayment info off of my P60!... |
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 What happens when you spend 3 years without filing your income taxes? |
| My daughter's father owes her about a year and a half in back child support and she's only 5. He purposely does not file his income taxes just so they cant garnish them and she cant get her ... |
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 Do u feel that Personal Income tax is liable for double Taxation ? |
Do you know that people pay tax so many times against their income? Can u list them.
When we spend we pay in the shape of excise, custome,octroi,sales tax, VAT , Service tax, Educational cess, ... |
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 We've received notification that we are being audited by the IRS. We used H & R Block and got peace of mind. |
| Does anyone have any experience with this? The lady who did our taxes itemized things differently than we had before and I'm completely freaked out! T... |
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nella | Is it true that you can only claim two kids this year on income taxes? |
a friend told me that your not allowed to claim more than 2 kids on your income taxes. well what the hell about families with more than 2 kids??? |
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MukatA
 |
1. No it is not true. You claim all your dependents.
2. If you have two dependents, your exemption increases by $6800 (2 x $3,400). It you have three kids, your exemption increases by $10,200 (3 x $3,400), and so on.
3. Your child tax credit increases if you have more kids (that is there is no 2 kid limit).
4. Only your Earned Income Credit is same if you have 2 kids or more than 2 kids. |
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Judy1
 |
Your friend is totally confused. You can claim as many kids as you have that are legitimate dependents.
Where the two limit comes in is for EIC - you don't get a larger earned income credit for over 2 kids. |
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Knightly
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Your friend is wrong. He's probably confusing the calculations for the earned income credit, which do not increase the amount of EITC for more than 2 children. You should probably count on this friend for things other than tax advice. |
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src50
 |
Your friend is wrong. |
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Gary
 |
You receive bad information. You can claim more than two kids on your taxes. As far as "Earned Income Credit" you will not receive any additional credit for more than 2 kids. |
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v b
|
Poor people collect EIC based on having 0, 1 or 2 qualifying children (no additional money is given out for the 3rd child). Since preparers tend to charge by the number of entries on the forms, many taxpayers will only pay to list the first two children.
Middle Class people claim all of their children. |
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Suntan
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Wait a minute, lady! You can claim as many dependency exemptions (2007-$3400 per dependent) and credits as long as your dependents are qualifiying persons. Having more than 2 kids is good thing! You can claim child tax credit/additional child tax credit (under 17yrs old), Child and Dependent Care Credit (under13yrs old), Earned Income Credit etc., Do not worry, OK! |
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Ms. Angel..
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visit IRS website: www.irs.gov |
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punk_rawk_grrl
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Yes, it's true. And the rest of the children will be turned into donkeys just like the boys in Pinocchio.
In my opinion single people should be the ones getting the tax breaks - not those spitting out child after child after child. |
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