 Do retired people over 70 have to file taxes to get the refund? |
if the only income is from SS and maybe a very little interest income
and what status would a widow use to file..with no Dependants?... |
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 What is the best way to file your taxes being when you are separated from your spouse.? |
| We were togather for 4 months in 2007. She has moved out and has her own place .Our four kids live with her. We havent filed any seperation papers and still get along well. Would we have a better ... |
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 Smokers only NHS? |
A few facts before you answer:
Average annual cost to the NHS on smoking related diseases in the UK is £1.7 billion
Average annual government income from tax on tobacco in the U... |
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 If I filed my taxes electronically with TurboTax, how will that effect my Economic Stimulus Check? |
| I used Turbo Tax and had my tax refund direct deposited- will I receive a check in the mail or a direct deposit for my Stimulus check?... |
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 Can I claim my boyfriend on my taxes? |
we have lived in the apartment since April 1,2006 we live in INDIANA
would it make a difference if I am 19 and he just turned in 25 in Dec?
Additional Details
I want to claim him as ... |
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 My son was born january of this year will we still receive 300 for him on the stimulus check? |
| i figure probably not because we couldnt claim him on our taxes for last year but i wasnt ... |
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 What are you going to buy with your stimulus check? |
| Ok yall. We've all seen all these questions and answers being posted. I've posted my fair share. But alot of us end up in heated arguements about whatever. So, instead of that. I want to ... |
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 Hello america,are you ready to file taxes?? |
Additional Details
did you know that you can go online now with a lot of companies and download your tax info of the w2"s... this is great,, speads it up some time...... |
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 Can you go to jail for leaving things out of your tax return? |
| I have a pension I cashed and a medical study that H and R block said I would have penalties for and file as self employed.... |
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 How much is sales tax???? Please help.? |
I have to pay my parents for iTunes but i deleted the receipts so I have to do .99 times how many songs but I need sales tax to add on.
Additional Details
How much is sales tax in Plano, ... |
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| Why haven't I recieved my stimulus payment yet? |
| The last 2 of my social are 00 and i meet all the requirements to get the stimulus payment and i filed in 2006 an 2007 and i haven't recieved my payment yet my friends last two are 41 an ones is ... |
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jeremydriscoll2001 | W-4 Form questions for someone who just doesn't get it, I need an answer today!? |
Hey everyone, I need an answer in just a few hours before I have to go to work and turn in my W-4 forms. I don't really know the justs of it, but from what I can tell, I have 2 options, I can either A. Get alot of money each month but a much smaller tax return at the end of tax season, or B. loose hundreds of dollars each month, but get a check at the end of tax season.
The only problem is I don't know how to do either. Do I just put in 0's and not even claim myself for option A? Or do I just put in 1's to get more money each month like in option B? Or do I have to put ones in some fields and 0's in other SPECIFIC fields? Pls answer this ASAP I have to be at work by ten in morning and it's 2AM already. Thansk. |
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Zabela
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It doesn't matter what you put in each specific field, only what you put in the bottom total field (the IRS doesn't look at the rest.)
0 -- you'll definitely get money back
1 -- you'll probably get money back
2 -- you won't get money back
Of course, you'll get a higher paycheck with "2" as opposed to "0". Depending on what you're looking for, and how much you're making currently -- I've seen people put "100" in the total field (like they have 99 kids), just so that it affects what's taken out of their check. And this is all okay with the IRS.
So, it's up to you. Do you want more money now, or a nice check at tax time? It's all up to you. |
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Angel
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If you put 0 they take out more money. If you put a 1 they take out less from each paycheck. Put the corresponding number in the boxes. Depends on your choice. |
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Jon H
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If you don't have a family the best thing to do would be to claim "1". Under the section on total allowances. This way you will have slightly more taken out each check but when tax time comes around not only will you owe nothing but you will get a check back from the IRS.
It isn't going to make a large difference if you are making under $50,000.00
The changes will very small so don't worry about it. Plus you can always change it by filing another W4.
If you still have question let me know and I will answer them for you. |
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STEVEN F
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The worksheet is a guide. The only number that counts is the final number of exemptions claimed. For now claiming 1 is probably good. You can change it any time by filling out a new W-4. I prefer the work out a full 1040 with expected income and deductions. Then I know about how much my actual taxes will be. Divide that number by the number of paydays in a year. Finally, use withholding tables to determine the number of exemptions that comes closest to matching this number. |
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glock509
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put 0 in and get the money back at the end of the year and go to cancun like i do |
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bostonianinmo
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Follow the instructions on the W-4 Form itself. It explains things rather clearly!
If you are single and only hold one job, the most you can claim is 2 total withholding exemptions. That will result in a small refund at the end of the year when you settle up with Uncle Sam and your State Tax Dept.
If you claim 1 or 0 you will get a larger refund, but smaller paychecks during the year.
Personally I hate making interest free loans to the government so I have them withhold enough to cover my liability and nothing more. I'd much rather have the money on payday and invest it than loan it to the government and get nothing from them in return for doing so. |
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extra_37
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Claim 1. By getting more money taken out you are giving the US governmetn an interest free loan to use your money for the year. It is ALWAYS best to get a smaller refund at tax time than a large one. |
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Adios
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You've gotten good answers.
Simply put, the higher the number of exemptions that you claim, the less tax that is withheld from your pay. Assuming your a single taxpayer with no dependents, you can claim either 1 exemption or 0 exemptions.
0 will have your employer withholding more tax per pay period and a larger tax refund.
1 exemption will give you more take home pay and less tax refund.
Good luck |
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ncantongirl
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ok good question... you will claim yourself regardless- so you will enter that one anyway... now here's the ? do you NEED the extra money now? Or can you have more taken out now and get a refund later. You can claim up to 9 exemption.... no matter if you have dependants or not, but you run risk of owing at tax time- you can place any number in this area. If you are making mad money in sales or commissions, then exempt yourself- if you are making less than 30k it really doesn't matter. |
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moe1888
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Claim zero. you may not like your checks being a little smaller each week but its much better than coming up with a few hundred dollars next April at tax time! |
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