 Stimulus Checks and Child Support? |
| My ex hasn't paid anything on his childsupport since it was issued by the courts. He filed his taxes and received both his federal and state money. Shortly after that, he lost his license for ... |
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 They have taken money from my paycheck know they taking my taxes , how do get them to stop,i was never inform? |
| of this being done , nor did they have the right address they have taken at least $2000.00 dollars alreadynow they want $700.00 they it had for me to pay other ... |
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| The top of my paycheck says "Single"? |
| How do I get it to say married?....since I have been married for 3 years. Do I contact my employer or do i fill out some federal tax form or something?... |
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 IRS question~ I know someone who has not filed taxes in yrs. Now she thinks IRS is "looking" for her |
| at mother's home! Agents apparently went looking for her~I don't think it was to chat. This is the issue- she was/is self employed, but subcontracted friends, kept no real records and did ... |
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 I am so eligible, but no deposit....WTF? |
| I made $26,000 last year. Filed my Taxes(used the free H&R Block e-file) in Feb, got a return in Feb.I owe no taxes, student loans, etc.... The last 2 digits of my SS are 15, I used DD for my tax ... |
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 Has anyone else not received their tax stimulus check direct deposit, as according to the schedule? |
| Today was the latest day scheduled my husband and I were to have ours direct deposited as according to the schedule on the IRS site. We are wondering if somehting is wrong, oh well, it is Friday, ... |
|
 Rip off Britain? |
| In Spain we buy petrol in Euros what you pay in pounds in the UK. We can eat (both in and out) for a hell of a lot less than we can the UK. Vat in the UK is 17.5% - in Spain it is 16%. To tax a car ... |
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 How do you work out the tax allowance for washing towels at home as I am self employed? |
| Spoke to self assesment help line and they said you need to work out how much your machine uses in water and electric for washing the work towels and then work the value out from your utility bill?... |
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 What kind of tax return can I expect to get back now that I have a mortgage.? |
| My wife and I just bought our first home and I know that this coming tax year we can deduct mortgage interest and property tax. We both have full-time jobs, file jointly , and have a, before taxes, ... |
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 I've been given 10k by my brother,is it taxable ? |
| It is not business related,a kind of gift before before instad of after dying.... |
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 My job doesnt take taxes off my paycheck, what should I do? |
| I've been working at my job since August 2007 and getting paid bi-weekly. I filled a W2 form but i notice that taxes was never taking off my paycheck and now I end up paying over $3,000 this ... |
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abb | Wasn't social security income not to be taxed by the federal gov. So seniors could at least live.? |
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 |
 
Richard M
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Social Security Benefits only become taxable if your income is over certain thresholds. According to the IRS:
To determine whether some of your social security benefits may be taxable:
First, add one–half of the total social security you received to all your other income, including any tax exempt interest and other exclusions from income.
Then, compare this total to the base amount for your filing status. If the total is more than your base amount, some of your benefits may be taxable.
The 2007 base amounts are:
$32,000 for married couples filing jointly
$25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year
$0 for married persons filing separately who lived together during the year. |
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windwalker
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Yes! that is the way it is
I've been on social security income for ten years and I've never been taxed by the federal gov. |
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v b
|
Social security is a safety net, not a retirement plan.
Rather than do a true means test and tell seniors with other income that they don't get it (which would be difficult to do each year), the goverment has a formula and taxes up to 85% of the benefits instead. The latter is a bit more dignified.
If you are single, the formula doesn't kick in until half of the benefits + other income is more than $34,000. If you are married, the formula kicks in at $44,000. A lot of people live quite comfortably as those amounts. |
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spicertax
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Yes but what about all those senior millionaires? They should pay tax on social security more than those who have no other money. |
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rtfm
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Yep. And that's exactly what happens, unless the seniors also have other sources of income that are relatively high. |
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Cupid
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I don't think social security should be taxable at all no matter what amount it is or who gets what.. we paid social security out of OUR own paychecks, then when we are elderly and begin drawing, we then have to pay tax on top of what we already paid? It's ridiculous if you ask me.. but I doubt the government is ever going to do anything about social security.. we'll be lucky if, by the time a 30 year old turns 65, we see any social security at all. Best Wishes. |
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fluke
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it is NOT taxed, unless the person's income is huge. |
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Cathi K
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Social security in general is not taxed. If you have a job and get social security then part of it is taxed. |
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