 Benefits ????????????? |
| hi, my wife, has not worked now for nearly, severn years, anpd has never claimed a penny since being off work with the kids, when she stopped work, she was told she would nort be entitled to any ... |
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 £20,000 salary. What will be monthly take home pay? |
My salary is £20,000 per year. What will be my monthly take home pay after tax & N.I. contributions. What % gets taken off?
Additional Details
i am a married man. My tax code is 503L... |
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 What happens to people who do not file income tax ? |
IRS will never recieve any form neither w2 nor 1099 that prove you recieve some payment this year
Additional Details
IMPORTANT
If any earned income will not be reported to IRS,,,in ... |
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 When a person gets paid in cash does he have to pay taxes on it? |
| I was offered to work for someone who is willing to pay me with a check made out to cash. He says that I don't have to pay taxes on it. Is he right?... |
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 What do you Think? |
| I was reading on Yahoo, where the guy is being put in jail for 51 months, thats over 4 years, all because he didn't pay taxes on his surivor winnings. Do You think putting someone in jail for ... |
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 How much do fathers pay the csa? |
| what if the woman is with the partner but he don't work?... |
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 If you have got married but haven't changed your name can you file seperate on taxes? |
got married back in august and i have yet to change my name on anything. am i able to file separate on my taxes?
Additional Details
is there a way that i can file head of house hold?... |
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 Is it true that the highest wage earner in the household must claim kids on tax return? |
My hubby does make the most money but spends the large majority on himself. He contrubutes very little to the household. I work and pay EVERYTHING but the rent (the ONLY) bill he covers.
Now he ... |
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| House i rent from a church wants to claim my collected rent as a "Donation".? |
| The house i rent is owned by the pastor of the church. the church is right next door. After the first months rent were told by the church's rep (who is also the middle man that collects our rent)... |
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doss_gia | Taxed on bank account, is this legal? |
can anyone give me advice on what to do with my bank please, last 4 months ive been getting taxed on my account, is this normal? not alot, no more than £5 but why should i be taxed on my account when i get taxed enough on my wages, on my statement it come up with TAX DEDUCTED £4.83 why? |
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suerye
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Although you pay tax on your wages, this tax is payable on the interest earned on your account - not the capital. All interest is taxable under Schedule D, so the deductions are correct. |
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Scouse
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Have you earned interest in excess of £24/25 if so that is why you lucky blighter. if not why have you not asked your bank? |
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203
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Tax is levied on savings interest payments.
It's been like that for quite a few years now. |
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Ellie
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Tax is payable on savings accounts but i have not heard of it being levied against current accounts- if they are doing then you need to approach your bank and ask why- it could be a mistake. |
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Sandee
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This is normal, everyone gets paid interest on their account and also has tax deducted. |
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confucious says
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any intrest you earn on money is taxed and yes the banks can deduct unless you have informed them of alternative arrangements |
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hamster321
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Unfortunately i believe this is legal |
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Onestep downfrom God
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The interest is taxable, unless you can certify yourself as a non taxpayer. |
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Stephen A
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Yes you pay tax on the interest earned |
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Mark
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If you check, this *should* be alongside an entry of interest received. If not, speak to your bank to find out what it is.
Interest paid to you by the bank forms part of your income, and as such is liable to Income Tax.
After the tax year end (5 April) the bank should send you something called a "Section 352 Certificate", which totals all the interest they paid you over the year and the tax taken off. You would use that to help you complete a Self Assessment Tax Return if you were sent one.
You may think that you already pay enough tax, but I'm afraid the Chancellor doesn't share that view!
I suppose you could look on the bright side, because if you earnt enough to pay tax at 40% on your earnings, you'd have to pay even more tax on the interest! |
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hottotrot1_usa
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Maybe you could ask someone at the bank? |
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