 Bonus puts me in new tax bracket? |
| My husband and I just discovered that my $3000 bonus will put us into a new tax bracket that effectively forces us to pay $6000 more in taxes. What should I do? Refuse the bonus? Find some other ... |
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 Who pays unemployment benefits? I always thought the employee paid into their own unemployment.? |
| I was told that the employer is 100% responsible and although I know they are the one's paying the government for the unemployment, aren't they allowed to raise or lower the unemployment ... |
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 How can I get my W-2? |
| I worked 2 steady jobs and commuted to one, I quit there a few months ago, and I recently changed address's. Wal-mart is the place I need my W-2 from so how can I get that?... |
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 Do you get money back from the tax you pay? |
i was temporary at wilkinsons and i finished there on boxing day, i used to £60 a week and for the last payslip i got i paid £326.56 in tax
Additional Details
i meant i paid 326.56 in ... |
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 Does anyone know what happens to people who don't file their taxes for so many years? Not me, just curious |
| Let's say, they work and they get taxes taken out of their paychecks and child support, etc.. What actually happens, if anything, if they haven't filed their taxes for years?... |
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 Should I file as single, married, or married at higher single rate? |
| Last year I started working in July and my husband was self-employed and we ended up oweing a lot in taxes, even though I filed 0 and at higher rate. This year I'm still at higher rate and my ... |
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 My husband recentlt died and I am the beneficiary of his 401k. What are the tax consequences? |
| The 401k plan is taking out 20% for federal taxes and 4.5% for VA stat taxes. If I roll this over into my IRA, what happens to these taxes I will have paid?... |
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 What can I do to pay lower taxes for this year? |
| Last year 2006 my dauhgter and her child been living with me for several years. They moved out this year in January. I make under 34,000 a year last year I got a refund because of my dependents. I ... |
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 Can you file a joint tax return if you aren't married? |
Me and my Boyfriend have been living together for 5 years. We have a joint account. We are pratically married.
Additional Details
My reasoning behind not getting married yet is just that ... |
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 UK: Are U exempt from Council tax if parent at home receives Attendance Alowance? |
My Mum recieves AA. She part own her home. Are her children entitled to full Council tax rebate whether they are employed or otherwise?
Additional Details
Forgeot to add, IF THE GROWN CHI... |
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 Income tax return? |
| i filed my taxes 7 weeks ago and i still havnt recieved my tax return check. my mom and sister filed and sent theirs 2 weeks after me and they got their returns a week ago. how can i find where can i ... |
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 Is tax filing required if not in USA? |
| I am moving out of the country for good. But I am still keeping my 1 account open. Would I need to file US taxes when the 1099INT form comes even if the interest amount is let's say $200 per ... |
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willtradeforfood | On a W-4, on allowances what do you claim for the least amount of taxes to come out of check?...single zero or |
or single 1 |
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Arbitrage
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The people above who say you should claim 0 are mostly misguided if you're looking for the highest return on your money.
In general, figure out how much you can actually deduct on your April 15 1040. If you are single and have no dependents, you can probably claim 2 (single and personal exemptions).
If you claim 0 blindly, you are in essence giving the government an interest free loan.
For example, they'll take out an extra 100$ each month and then write you a check for a "tax refund" for 1200$ six to eighteen months later. There's no gain from that if the money was yours to begin with.
If you have no spending discipline, you could open a bank account and deposit that extra 100 each month and earn interest on it and be better off. There's no point in giving free money to the government in order to satisfy the appeal of getting a check for money that was yours.
The more you claim on your W-4, the less they take each month. |
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Tax Man
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Claim as many as possible to reduce your withholdings. The exemptions are an estimation of your actual exemptions on your tax return at the end of the year. You get to deduct a certain amount for each exemption ($3,200 for 2005), thus the more you have the less tax you pay. |
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svladder
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single 1 |
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cmjz1313
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claim 1, check out www.irs.gov to see more answers to tax related questions |
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lade40free
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To have the least amount of taxes withheld you should claim one if single or more if you have children. If you claim zero the maximum rate will be withheld. However, keep in mind that you can't "have your cake and eat it too". Meaning, if you get the least tax withheld out of your paycheck your refund will not be very large and/or you may owe tax at the end of the year, depending on how much money you made and what deductions you have. Probably to cover yourself it would be best for you to claim 1 if single. |
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earl
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single 1 |
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jchas64651
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I claim 0 and get more money back at the end of the year they take more out but its worth it in the end |
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zharantan
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You enter 0 for everything for maximum to be taken from you check and increase you chances of getting a refund. If you put in 1 for each of the claims for yourself, less will be taken out of your paycheck. You can also claim your spouse and any kids (if you have them). |
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melissa_froggies
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You would claim more for less to be taken out.claiming 0 or 1 they will take out more. |
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