 My 21 yr old son works full time at Walmart and lives at home. Can I claim him as a dependent on my taxes? |
| He lives at home and I pay all of the bills. He is a 3/4 time student too. I also have an 18 yr old who works maybe 1 day a week for the last 6 months. She is out of high school since May and ... |
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 Tax question? |
| my boyfriend had four jobs in 2006 and just filed his tax returns this week and forgot that he still had one more w2 comeing that he got today in the mail, my question is can he file this w2 still ... |
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 Can a Florida judge order that a non-custodial parent be allowed to claim child on his taxes.? |
| I keep finding conflicting information on the internet regarding the authority of state courts. I, as the custodial parent, am the sole provider for my child's health/dental insurance (I footed ... |
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 I haven't filed income Tax for 18yrs? |
| I would like to go back and straighten out my taxes. I have been employed and have had taxes deducted from my earnings, but never filed or requested a refund. For the first couple of years I got ... |
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 How can i discipline myself how to save? |
| i really wanted to save but i am always tempted to buy something for myself..... |
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 What is the correct filing status for a married couple with one child and one on the way? |
| Hi! I live in Louisiana, and we are so confused! We are trying to figure out the best way to file our exemption. Right now we have it as Married and 2. Is this right? My husband is the only one who ... |
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 How can they say your property tax is going up this year? |
| we all know that job's are going away and I think that we all have a house that has Depreciated with age I am sure that the lumber will not sell as if it were new, I bet the only Answers I get ... |
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 Would you support a national sales tax over paying a federal income tax? |
Additional Details
It would seem to me that the argument against a national sales tax is that it would hurt the poor.....the poor are already VERY screwed.... |
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 How much tax will I be charged if I work a part time job aswell as my full time job? |
Additional Details
im in UK and work full time- 40 hours a week
my part time job will be about 30 hours a ... |
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| What bill you normally pay more ?? moneywise? |
| electric, telephone, cooking gas, water, income tax ??... |
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 I just got out of prison and i havent filed taxes since 1994. how do i get right with the irs? |
| i have not been in prison since 1994. I have worked 2 or 3 mos out of every year since 1994. I just never filed my taxes.... |
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 Should I claim dependents? I currently claim 0 but...? |
| My husband and I both work full time. We have 2 children. Currently, both of us claim 0 dependents. I thought I read somewhere that the person who makes the largest salary should claim the least ... |
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Kristin O | WHY DO I OWE on my 2007 tax return???? |
So, I've started my tax return for this year online. it says that i owe $87 to federal and i will get a state refund of $159 (GA). I have never paid before and im unsure why i will have to this year. It really doesn't make any sense. My Gross wages were $32806.69. federal withheld was 3133.17......i am single and have no children. my refunds in the past have been around $1000. last year i only made around $22000. |
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Cupid
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Because your federal withholdings don't seem like they are enough taken out.. for federal, you should have claimed zero or 1 to have the maximum tax amount taken... and if you did.. then your company made the error.. making you still liable for paying taxes since you received the extra money throughout the year. Basically, you almost broke even with the money you received in your paychecks and the tax you owed at the end of the year. Check with your company to see if they made an error.. and make sure enough is taken out of 2008. |
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Wayne Z
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Many people would regard your situation as perfect. When you get a refund, it means you lent money to the government interest free all year. In your situation, they lent you $87 interest free. Unfortunately, now you have to pay it off.
If you want a refund, you will need to adjust your W4. You are probably claiming 2 exemptions on your W4. If you move it down to 1, you will get a refund next year. The flip side is that your tax home pay will drop.
Check out: www.paycheckcity.com |
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v b
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You owe. You didn't have enough withheld. As your income got higher, the tax bill got higher too.
If you used single/2 adjust it to single/1.
Remember the goal of withholding is to pay the tax bill, not guarantee a refund. |
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Doctor Deth
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what was on your W-4 for withholding exemptions? can't answer without knowing that info. - with that level of income and taxes, sounds like too many exemptions taken = you probably filed Single 2 or married 1 or something like that - for 2008 - change your W-4 to Single and 0 or 1 |
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MoB
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You're in a higher tax bracket because you made more money. And you only had less than 10% federal income tax withheld. But please, do not complain. You did it exactly right. Way to go!!!!! Good job!!! A perfect tax return is when you either get back or owe within $100. It just doesn't get any better than that. Otherwise you have given the IRS an interest free loan all year long.When you were getting back $1000 refund, you were letting the IRS keep $1000 and not pay you a dime interest on it. Do you know anyone who would loan you $1000 for a year and not charge you interest? If you would like to get a "refund" back at the end of the year, start taking $100 a month and put it into a CD. Then at the end of the year you will have $1200 PLUS Interest! Something you would not have gotten from the IRS if you overpaid them. Or if you want another way to save some on paying tax, put some money into an IRA or 401K. Again it's tax deferred, you're saving money AND you're making money on your money at the same time. Good job! |
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Judy1
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For some reason, not enough was taken out.
Did you work multiple jobs at the same time this year? If you did, that's probably what happened. Each job would take out like they are your only job, since they wouldn't know about your other income, so they wouldn't take out nearly enough. |
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Guy
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I am in exactly the same boat. I made no changes to my W4 and have been employed with this company for over 2 years now. last year i got a return of around $500. This year i owe $84. i'm a bit pissed as well seeing as how i desperately needed the refund. |
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bud68
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Assuming you made no mistakes on your return, you have been slightly underwithholding. You can submit a revised W-4 to your employer that raises your withholding if you wish. |
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James
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THERE COULD BE SEVERAL FACTORS WHY YOU OWE SOME MONEY BACK THIS YEAR. 1. IT COULD BE THAT YOUR EMPLOYER ISN'T TAKING AS MUCH FEDERAL TAXES OUT OF YOUR CHECK WHEN THEY SHOULD HAVE SO THAT CAN REALLY BE A MAJOR REASON WHY YOU HAVE TO OWE MONEY BACK. |
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