 Is there a problem if i filed head of household on my 1040 by mistake? |
| Im married. Live with spouse. Own a house and have 2 kids. I filed head of household on my 1040 for the last 3 years. I did a mistake because now I understand what head of household really means. Im I... |
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 Can I claim my husband as dependent? |
My husband did not work in 2008. I am going to file married filing jointly. But does that cover him or does he qualify as a dependent? I also have two children, ages 3 & 5 months.
A... |
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 Council tax - how much am I liable for? |
| Please Help!! I received a phone call today saying that council tax was owed on a flat my ex n I shared. I lived there for 3 months and moved out in September last year.He continued to live there ... |
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 Can they take my federal and state refund? |
| I owe money to a government student loan and they are already garnishing my wages and I just recieved notice today that they took my state refund can I anticipate them taking my federal tax return ... |
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 A morbid question: When someone dies what happens to their last paycheck? |
I'm just wondering, no one died that made me aske this.
I have a few scenerios I am curious about.
Scenerio one is...If the person recieved their check, but died before cashing ... |
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 Is the stimulus rebate automatic or do you have to apply for it? |
Do they send it out to everyone who filed taxes or did you have to list it somewhere on your taxes in order to qualify? And how much is it for?
Additional Details
i can't go to the ... |
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 If you had to pay $9 a week extra out of your paycheck to help someone who has no healthcare- would you do it? |
Would you pay an additional $20 a week for low cost college?
SO $29 would help pay for healthcare for everyone and lower college costs so that anyone that needed it could get it -----would you ... |
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 I have just graduated from university and have a large student loan to pay off. Do i still have to pay tax? UK? |
| I have a temp job, so do I still pay full tax on my weekly wage? because when i filled out a form on my first day of work i had to tick a separate box if i was a student of have a student loan.... |
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 If I sell all or a portion of my comic book collection, what tax benefits (if any) can I realize? |
| I have a list of all of the issues that I have purchased over the last 20 years. The comic books were "bagged and boarded" prior to their sale. I have not sold all of them yet. They are ... |
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| Who wil end up paying more tax? |
I was just wondering where the shortfall of billions that is being taxed via Inheritance Tax is going to0 come from if the tories get into government?
I'm presuming it'll be from ... |
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 On last year's tax return (MY FIRST EVER ATTEMPT TO DO THIS) there is a glaring mistake? |
| I put something in the wrong column - even though I declared it, they did not see the error - which should have stood out like a sore thumb to the trained eye. Anyway they should have taxed me on £2... |
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 I don't want to pay taxes anymore!! Isn't there some kind? |
| of form I can sign whereby I am released from doing so? I want to designate what I am willing to contribute to. 2% here, 2% there, etc. But I am not willing to pay my taxes blind folded throwing a ... |
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 Do i still have to pay taxes? |
i have no job
i make $250-$400 a year in interest throguh CDs
do i still have to file my taxes?
would i get money back or would i owe?... |
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 Why are the British public so GUTTLESS? |
| Yes folks, thats the question, and before you all start critisising, just let me say I am a Brit also. What I am refering to is the constant bombarding of the UK public with all these damn Stealth TAX... |
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 My tax code is 522L and i dont pay tax is this right? |
| I have put this down to the fact that i have a child but im confused, if this is wrong will i receive a big tax bill?... |
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nordic queen | Using turbotax it says I have a $3900 refund when I only paid $900 in taxes.? |
I only worked a couple months because I've gone back to grad school. However I have $35K in mortgage interest deductions. Does this make sense? I also have a child and am claiming that deduction.
Additional Details
Thanks for the answers. To answer the $600k mortgage question, I had a large divorce settlement which I put into a money market and use to pay my mortgage. |
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Sarah K
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Yeah... my father had his own business and ended up with more deductions than taxes because of (legitimate) business expenses, so I'd imagine this could apply for "normal" people as well. If you have student loans, the interest on those is also tax-deductable. |
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nuroticmom
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Yes it does....
Do you also qualify for "Earned Income Credit"??
But, if your still unsure....
Run your numbers again on paper...sometimes seeing it on paper in front of you will make it click... |
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Peggy K
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Um... $35,000 in mortgage INTEREST??? You're sure that isn't the principal and interest together? Remember, you are only allowed to deduct mortgage interest on only one home or one main residence and a vacation home.
You should have $3300 per person in personal exemptions, and if you're itemizing, then you won't use a standard deduction.
If you're eligible for earned income credit, then it's conceivable you'll have a pretty large refund, but... if I was doing this, I'd print out the return as you have it and take it to a tax professional to look it over.
Block or Jackson-Hewitt should look it over without charging you to do so. I'm pretty sure the folks at Block will, because I'm a preparer for them and we do that all the time in our office.
If your earned income was in the neighborhood of $20K, it makes sense that you might have such a refund, but it would still be better to have another person--preferably objective and knowledgeable--look it over before filing it. |
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Homeslice
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Sounds like Turbo tax is giving you and earned income credit (EIC). This was a refundable credit developed by congress as another form of welfare for low income families. You could potentially be entitled to the credit, but you may want to get your return reviewed or prepared by a professional. Turbo tax is a good program, but it can also get you in trouble if you don't follow the instructions closely. |
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kate
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$35 K in mortgage interest ? You have a $600,000 mortgage loan, were able to pay it and only had $900 in taxes ?
How did you qualify for $600,000 loan and not have any real income or know anything about taxes ?
Something here just does not add up ! ? |
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Mark
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It sounds like it might be Earned Income Credit. If you're income is under a certain amt. and you're over 25 that might be it.
Not really important what it is. If you meet the criteria for it, its pretty much just free money. |
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Rich Z
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I have used TurboTax foir years and have NEVER seen them make a mistake, especially in arithmetic. If they say you are getting that money back then don't fight it. They may know some detail about how to handle deductions that you will never figure out so just enjoy that larger refund. |
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Me
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maybe an adjustment from previous years |
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