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 When do you pay taxes on stocks?
for example, i sell a stock and make profit on it, will the taxes bededucted right away when the profit is deposited in the account or i will have to pay taxes when i cash out the money? or if not ...


 Where can I cash my Income Tax Refund check?
I have no checking account and I need to cash my income check. Where can I do that?...


 If I am reimbursed for travel expenses, do I have to report that as income?
Mileage, hotel, meal allowance....I pay out of pocket, submit an expense report, and my boss cuts me a check. Does the IRS consider that income?...


 Can i claim jobseekers allowance if i resigned due to employer saying my position no longer available?
i went for a leave from work and when i came back my employer said my position was no longer available to me. so i resigned. i heard you have to wait 3months to apply for jobseekers allowance but ...


 Did not receive a stimulus notice but irs.gov says I qualify?
Anyone else not receive the original notice that went out? When I do the calculator on the IRS website it says I qualify, so I am wondering what does it mean if you did not receive the original ...


 Company i work 4 just gone into liquidation ! how do i claim wages ? should have been paid today.?
...


 IRS REFUND DELAYED DUE TO PROCESSING DELAYS?
My refund date was changed in the system from 2/3 to now 2/24. I filed for RAC through HR Block. HR Block told me yesterday that nothing in the system was worng and it appeared my funds would be ...


 This is my first year as an indpendent contractor, and my tax professional says I owe...?
I was expecting to get about 2500 back in earned income credit, but they are saying i owe 300. I only made 23,500 and I had 8000 in expenses. I didn't pay in my medicare or ss through the year, ...


 My employer took out $120 for fed taxes in 07 they didn't follow the W-4 are they liable for the tax owed ?
W-4 showed zero allowances and requested an additional $5 per pay period be taken ...


 Do you HAVE to file taxes?
I only worked for about 1 week last year. Do I HAVE to file taxes? Is there any kind of penalty for not filing?
Additional Details
Parden my ignorance, but I don't know what a ...


 Child tax credit?
if i receive £46 a week child tax credit will i receive the same for my 2nd child? also does working tax credit change with arrival of 2nd child?...


 Has anyone in the UK Successfully claimed back all their bank charges?
We just have a current account with nationwide. Everytime a direct debit comes out that wasnt expected or is just a few pence more then expected we get charged £30!!!!!! I bet we have paid hundreds ...


 I didn't fiel my taxes for 2005, is that too late to do now??
I just filed my 2006 taxes, but i remember that i forgot to file my 2005 taxes last year. Is there anything i can do about that???
Additional Details
i know that if i filed my taxes i ...


 Does anyone know how to report earnings for 1099 and... ?
and what the best way to report is? My boyfriend just got a new job, but he has is considered an independant contractor. He will be getting a 1099 form at the end of the year of his earnings. He will ...


 I already e-filed my taxes and have a new w2?
What I'm wondering is that my returns have completed processing, and I'm waiting for them to be direct deposited. I can go on turbo tax and still add another w2, so, will they hold the ...


 If I made a tax deductible donation & lost the paperwork...?
Is it still possible to claim it? I didn't since I was unable to locate the form. I could probably pull up a bank record from March of 2007 that showed that I made the donation, but I have since ...


 Tax Filing EMERGENCY!!!?
OK, so i did a CRAZY thing and claimed 10 exemptions on my taxes, know i will HAVE to pay an astronomical amount back ( i don't have kids or really anything to deduct, GULP? I ABSOLUTELY will ...


 Does anyone know if I can file my husbands w2 tax because he is in jail...?
he asked me to do it but im not sure how to and if i can...
Additional Details
and thank you everyone for your answers.....


 Rebate checks: The last time this happened, it was deducted from our tax returns. It is the same scam?
...


 Can I still file taxes if i got paid off the books?
I worked for a company last year off the books about 7 months. I earned $11,600.00. I have 2 children and was told I can still file. Will they tax me on my return and will I still get some money back?...



Confused
Is over $500 taken out for taxes too much??
My husband's check was $1,827.50 before taxes. He did not have any insurance or 401K taken out and his final weekly check was $1,369.00! He claimed married and 4 on his tax forms. That seems outrageous to me. Is this normal? This is ridiculous. He works in Mississippi.
                     
 




GreenShaman
It's normal but rediculous. Of course it's too much it's government theft.


bostonianinmo
That's about right. According to http://www.paycheckcity.com this is what he should be getting:

Weekly Gross Pay: $1,827.00

Federal Withholding: $213.00
Social Security: $113.27
Medicare: $26.49
Mississippi: $86.00

Net Pay: $1,388.24

Actually it appears that he's either having something else taken out as well or possibly claiming 3 allowances instead of 4. At any rate, it's very close to being correct.

Oh, and by the way, that's $458, not "over $500" that was withheld.


Judy1
Sounds a little high. Go to paycheckcity.com and enter his information, and see what numbers match or don't match what shows on his pay stub.

By the way, do the math again - that is NOT over $500 taken out - it's $458.50, which is well UNDER $500.


wartz
What does is pay statement say?


Mike
Well there's a lot that is taken out of your check.

There's federal and state income tax. There's also Medicare & SS taxes.

The best thing to do is look at the check stubb.

There's nothing you can do about the Payroll taxes, but you can adjust your state & federal.


crabtreeb1
Perhaps. Go to Payroll office, ask for a breakdown on that pay period. I don't know why, it should have come automatically attached to the check. Unless it was auto deposit, and then the check is followed up with a paper of deductions. You do this verification yourself.


iluv2tradestks
Sounds reasonable! The deductions are Federal Tax, State Tax, Medicare, Social Security. Just remember you are at the lower end of the tax bracket, and the top 5% of wage earners pay 95% of federal income taxes. We are lucky to be at the bottom. Think of how those making over $50,000 a year with double income feel, especially when they are dual income. This next election really worries me. If the one party gets elected, your deductions will increase considerably. The one party wants to keep the rates the same.


jenny_penny_06
Rating
yes its normal. sadly. my boyfriend makes almost 900 a week and only brings home 600 or so. taxes suck.


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