 Obama's plan for tax cuts for the middle class..? |
From NBC's Andy Merten and NBC/NJ's Aswini Anburajan
A day after calling for greater transparency on Wall Street, Obama focused on middle-class tax relief while speaking today to an ... |
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 I'm a student well under my tax threshold, but my recent p60 shows over £400 tax paid.How do I get this back? |
| In addition to the title, where do I send off to, how long does it take, if I go through an intermediary how much do they take, doe anyone out there have prior experience of this situation?... |
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 To all carers in the uk? |
| we all work 24/7 saving this government a lot of money for peanuts,dont you think we deserve a rise?... |
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 I am receiving a large personal check, will I be taxed and do I have to report this to the IRS? |
| I am getting a personal check from my grandparents for $19,400. It used to be in some sort of account that they had set up for my college but I am done with school and they are sending me the rest in ... |
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 The hate cleric Bakri's daughter gets £360 a wk benefits yet I pay tax on a pension of £224 wk. Is that fair ? |
| Mine and my wife's old age pension and a small private one are left with £210 a week after tax and are not entitled to state benefits. Had we been on state benefits, we wouldn't be liable ... |
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 Where is my economic stimulation payment? |
According to the irs schedule I was supposed to get my stimuation payment deposited into my bank account on Monday. I have yet to see it post to my account. What are the possible reasons why?
A... |
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 Tax and dependent question with a crazy ex? |
| My ex claimed my son on her taxes and wasn't supposed to according to our custody agreement. So my tax return was refused by the IRS because they said that my son's SS# had already been ... |
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 When will the tax rebates be arriving? |
| When can we expect the tax rebates to arrive? Is it based on when you file your taxes? Or will everyone be receiving the rebates in a certain month/time? My husband and I already filed our taxes and ... |
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 Tax on Gambling? someone help me out? |
this is real ok.
in a year i have lost $1000 and then i recovered back $900 that mean the net is a loss of -$100.
my question is do i have to pay part of the $900 of winning to tax?
... |
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 How can you tell who owns a fence that separates two properties? |
| I live in a condominium that is surrounded by a private road. The road is for the use of the home owners whose houses surround our condo building. The "legend" has it that the fence ... |
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 How can 95% of taxpayers receive a tax cut when 40% do not pay any income taxes? |
| I'm confused about Obama's tax plan. Which 95%? Is it people who actually pay income taxes or is it 95% of the population in general? Is it income taxes he wants to cut? Or is it payroll ... |
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 I've been getting e-mails stating that I've won the UK lottery and other lotteries. Are they for real? |
| For some time now, I been getting e-mails asking me to help families get there money back after the death of the loved one. Isn't that embezlling. Now I'm winning all these lotteries, ... |
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 Got a negative tax return, is it normal? |
| I am filling in my 2006 tax return by Turbo Tax on line. This is my first time to use this program. I was so surprised finally I got a negative return which means I will have to pay more tax. Is it ... |
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 Is the tv licence a tax or a fee? |
| And do other countries charge like ... |
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djresourceonline | Overpaid Paycheck Because Exemptions? |
Last two paychecks, I noticed I was getting an extra $200. Today, I accounted for that $200 based on less taxes taken out for Federal and State. The reason? They changed my exemptions from 1 to 9! Obviously I want to change this back to 1 but as far as the extra money I received, do they take that back or do I account for it in taxes? |
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Brett G
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It will work out when you pay taxes for this year year. Probally not a problem, you just wont get as much back as you did the previous year |
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src50
 |
They don't take it back, you will settle it when you file your return. If your withholding is not as you require, submit an updated W-4 to your employer. |
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wartz
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If you are accustomed to getting a refund and expected more than $400 when you file your 2007 return, just consider this part of it paid early and Merry Christmas. It will result in less withholding on your W-2 and a lower refund next year. If you anticipate owing more than $1,000 with your return, send the money to IRS with a request that it be applied as estimated tax for 2007. |
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Mona
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They won't take it back but you can pay it back on your next checks by filling out your W2 and giving a specific amount you want to pay to taxes until you pay back the $200. I don't think $200 is going to make a big difference in your taxes if you don't pay it back. I wouldn't try to pay it back. |
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curtisports2
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Your taxes withheld was less for two weeks. It won't affect your tax bill at all; you owe what you owe. Your refund, if you have one coming, will be a bit less. |
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wrjones559_1999
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They don't take that back. You worry about that when you file your income tax return and unless you've made an outstanding amount of money, I wouldn't worry about it. |
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Mahal
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You're not being overpaid, you're just not paying your taxes.
You might be okay if you just send in another W-4 or ask them to correct it. For most people, there is no greater impact than that your tax refund will be smaller. If you're worried about owing taxes, all you have to do is ask them to take out an extra amount for the rest of the month to make up for it. |
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yakrafter
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They will not take it back.
When they take money for State and Federal taxes out of your paycheck, this is simply an estimate assuming you would make that amount of money for the whole year.
I repeat - just an estamate.
You will rectify this in your tax filing at the end of the year.
If money may be tight - you might want to put $400 away so that it is there when you need to pay it. You can also just send the $400 in now as an estimated payment.
Remember your employer is not the tax man, they are just collecting the taxes for the government free of charge. They don't want to do it especially for free, but if they don't - jail baby.
I actually employ less as a result of the burdens that the gov puts on you (as an empoyer) to do these kinds of things. |
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v b
 |
The W-4 change is forward only. The reconciling is done on your taxes, so if $200 less was withheld, then your refund(s) will be $200 less.
The burning question should be how did your W-4 change if you didn't submit a new one? If your exemptions changed from 1 to 9, that would have required a new W-4. If you didn't submit one, who did? Maybe they confused you with someone else. (If a new year rolls around and you don't submit a W-4, it defaults to single-0 which is pretty darn obvious since more money is withheld than expected.) |
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