 If i get paid 8 dollars an hour, then how much is taken out of that from taxes? |
Additional Details
i live in illinois and i am 16. does that help? i kind of want an exact ... |
|
 Can my mom give me money, and write it off as a charitable contribution on her taxes? |
| I realize this question sounds stupid....but, I was told by a doctor's office that my Mom could give me money to pay for a surgery, that I cannot afford ($12,500, actually) and she would be able ... |
|
 Can i claim my parents as my dependents? |
since they don't work, do they need to file any tax forms?
they are living with me and have no income, can i claim them?
in 2008, when they reach 62 and collect about 200-3... |
|
 Tax Error, Can We Go To Jail???? |
| My sister prepared my taxes, she put her name down where it says preparer. She isnt a tax preparer or a CPA. Can we get into trouble for this? Will they even notice? She is really scared because ... |
|
 Help! Baliliff problems re council tax? |
| nightmare please help . i moved and went bankcrupt in 2005 i am stuggling to prove that i was not at the address. with the council and got a baliff asking for 1400 by the end of the week he is being ... |
|
 Do u do ur taxes every year? |
| I have a friend that never does her taxes and is rich how does she do it without getting in ... |
|
 My employer will only pay one months sick pay? |
| I have been off two months and am leaving the company. Today they told me they will not pay a penny for this month according to my contract. Is this right that they can do this and give me nothing ... |
|
 New Labour doubles income tax for the poor? |
why do we stand for this doubling from 10p to 20p in the pound to pay for the profligate middle classes?
Additional Details
We all know Labour has stuffed up the economy; now they want ... |
|
 I need to know how to claim my son on my taxes? |
| I have no work experience, but I need the money to support my son, and how much will I get back?... |
|
 My wife & I will get 60K from a brother for down payment for a condo, how would we do it to avoid gift tax? |
| My wife's mother has lived with us for many years, recently her brother made an offer to "reward" us for taking care of the mother: He will give us the down payment to buy a house for ... |
|
 Can anyone help me out with Simple UK Tax thing?? |
Last year( from April 2007 till March 2008), my gross earning is £7399.46 where I paid £1413.19 as Tax and £478.97 as NI.
Am i taxed normally?
If not, where do i complain? will i ... |
|
 How do you plan to spend your tax rebate? |
I am thinking, GAS, GROCERIES and BILLS.
HOW ABOUT YOU?... |
|
|  |
Andy G | Should my wife and I file separately or jointly for 2008? |
I made approximately 200K. She made approximatley 10K. We have two dependents. I am self-employed. She is a pre-school teacher. |
 |
 
wartz
 |
The chance that anything other than joint will be the better option is beyond remote. |
|
bud68
|
Run the numbers both ways. |
|
DEBORAH F
 |
With these numbers, you definitely will be better off filing married filing joint. Someone might try to tell you that she could get earned income credit if she files alone with one or both of the kids, but the earned income credit isn't available to people who file married filing separate. |
|
Christina M
|
u should never file seperatley because u lose all benefits for credits such as eic(earned income credit) and many others. make sure have all papers together for itemizing. for this amount of income you definetly might need to itemize. especially if your itemized totalling over 10,900. that is because you get a standard deduction of 10,900 for married filing jointly. hope helpful |
|
acmeraven
 |
You did not state if it was gross or net on the 200K? If there are no past problems to come forward and bite you on the posteriou then married, filing joint would be best. |
|
Lauren F
 |
Probably Married Filing Jointly is the best option, unless she had extraordinary medical bills. If you are paying day care costs in order for her to work, you might want to reconsider that decision. At your combined income rate, her $10,000 is taxed at an extraordinarily high rate, and you might not be able to deduct the day care costs. You may find that as a family, you have more takehome money if she stays home and cares for the children herself.
Run the numbers both ways - both what the taxes would be with just your income, and what they were with hers, and you will be able to figure out what her true "take home pay" is.
The only other reason you might want to consider filing separately is if one of you has had some bad dealings with the IRS in the past - such as undeclared income, tax fraud, garnishments, back taxes, defaulted student loan. If she owes back taxes or a defaulted student loan, filing jointly will give the IRS the ability to withhold both of your refund to satisfy the past problem. |
|
Aydens Mommy
|
it all depends on how many itemized deductions you have.. i'd do them both ways and see which is more benefical? |
|
Jss
|
You can file as married filing jointly (MFJ) or married filing separately. In most cases, it is better to file as MFJ. Read http://taxipay.blogspot.com/2008/02/filing-status-for-married.html |
|
Nichole D
|
jointly, you will get more money! now if she owes, you should file head of house hold! never file married but filing separately! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 39 minutes(s) ago
| | | |
9 | 43 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
9 | 55 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
