 W-2 taxes..plz help? |
| I am a student with a pell grant. I work at a small family owned business. Whatever money we make, I am paid with. I live with my husband and his sister and we share our money from our pay at the ... |
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 What can I do about someone else claiming my son on their taxes? |
| My son only lived with my mother for 3 weeks before December 31 2007. She did not support him at all in 2007. She claimed him along with my step father on their taxes and recieved $2000.00. What can I... |
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 What is limit of money for income tax in fix deposit? |
| how many amount we can deposite in the fix deposit for tax ... |
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 How much charity can be written off on taxes? |
Is there a maximum set amount for everyone or is a percentage or are there different amounts for different tax brackets?
Serious answers only please, and if you have a link to back it up, ... |
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 Is there any way to claim my boyfriend on my taxes if he has not worked all year? |
| My boyfriend and I have been living together for about a year now and he has not been working. Is there any way to claim him on my taxes. I know this is often a hard subject to deal with tax wise ... |
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 Does anyone know what to file if your husband is in prison on your taxes? |
| MY HUSBAND HAS BEEN IN PRISON SINCE THE END OF JANUARY, USUALLY I WOULD FILE JOINT BUT NOW I'M NOT SURE, DO I FILE SINGLE OR MARRIED????... |
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 Can a dedt collecter,take payments from your paycheck? |
the collector is HSBC/TAX.
my loan was for 500.00,she also said if i don't pay it soon(which i am trying) that after fees it will be 1600.00,
can they up it that much?... |
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 My employer has issued me a 1099 instead of a w2? |
| Although I knew my employer was not withholding taxes from my checks I knew that I would have to pay at end of year and have prepared for it. But then I got a 1099, in all the information that I ... |
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 Is this true? |
| Someone told me that those (famous) people who donate money to charity do it (mainly) because by donating a certain amount of the money they make precludes them of having to pay as much income taxes. ... |
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| What happens to all the money collected by the IRS? |
| Please explain where the money goes after the IRS takes our tax money, interest, fees, etc. I'm really curious.... |
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 I e-filed my taxes using TurboTax.? |
| I need to print the form I need to sign and mail to get my state and federal return (Form 8543-OL), but my computer doesn't have a printer. I want to save the forms to my thumb drive and print ... |
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 Did you receive your stimulus check yet? |
| It's June 3rd, and my last 2 are 18.. Haven't received my check, has anyone else?... |
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 Turbo tax question..im married but my wife did not work in the whole year of 2007? |
| my wife did not work for the whole year in 2007. I dont know if I should file married joint? or married filing separate? can anyone help me asap. ... |
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 Social number on W-2 is wrong Only last 4 are correct? |
Additional Details
Can I still use it. I going to go to H&R block to file is this going to be a problem. My name and address are correct on W-2.... |
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 How Could The Government Possibly Raise Taxes For Only The Wealthy? Stupid Question, But I Don't Get It? |
The news has gone on & on, here & there, about how Obama will raise taxes for the millionaires.
Call me stupid, I don't know too much about this subject, but aren't we ... |
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gateshead1984 | My tax code is 522L, Ist his right when I am a student? |
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 |
 
Tax Chap
|
Students receive the same standard personal allowances (2007/08 - £5,225) that is given to every other UK resident.
However, you will only pay tax on that element of your total taxable annual income which exceeds the PA.
Depending upon one's individual personal circumstances, there may even be an entitlement to work-related allowances. |
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claimbankchargesback
|
Yes, its the standard tax code for everyone, so it is correct. |
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Philip W
|
That is correct, basic tax code. No extra allowances for being a student. |
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Richard C
 |
You've already got 15 people telling you that the answer is "Yes" but I though what the heck. I'll do what the 14 people after the first power did and just add my "Yes" to prove that even when I dont know what I am talking about I will just agree what the first bloke says. Simple. |
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nicolabuddah
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I think the myth starts from the fact that if a student ONLY works in the holiday periods they can complete a P46(student) that entitles them to receive their income tax free. HMRC do this as if a student only works in those periods they are unlikely to go over the tax threshold and this saves HMRC work. If you work any other period of the year e.g evenings weekends you are treated the same as everyone else. You'll be surprised how many students we get in who work all year but expect not to pay tax |
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Mark B
 |
There seems to be a myth that students don't pay tax, this is wrong!! If you earn more than £5,220 p.a you will pay tax, there are no tax breaks for students!! |
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Onestep downfrom God
 |
Yes. |
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bigtdotcom
 |
so is mine and im not a student |
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James B
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Yes that is correct.
However what people are failing to point out is that there is a very good chance that you may be due a tax refund.
I am assuming as a student you are probably only working part time or for part of the year. If this is the case then you are probably being over taxed as your employer will probably work out your tax allowance on a pro rata basis.
If you want to read more about this, there is more information at:
http://www.taxfix.co.uk/student-tax-refund.html
Make sure that you claim back all the tax you are entitled to, as the tax man takes more then enough already. Good luck.
There is a income tax calculator also at that site which can help show how much of a refund you could get back:
http://www.taxfix.co.uk/income-tax-calculator.html
Good Luck |
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