 When I filled out my 2007 tax return, I forgot to include the info about my student loans. What do I do? |
| When I filled out my tax returns this year, I had not even received the info from my student loans about including it. I totally forgot to even put it in the equation when filling out the turbotax ... |
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 I am not talking about capitol gains tax I am talking about the property taxes you pay every year for the rest |
| of your life I want to continue paying the current assesed value on my current home after I sell and buy a pre existing home I know you can do this my father-in-law did it a couple years ago he has ... |
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 Is redeeming bottle deposits of $2,000 at one time considered income? Will I have to file as income? |
| I have over $2,000 worth of empty cans I plan to redeem for 10 cent deposit in MI. Once I turn them into the distribution center, will I be forced to fill out a tax form and claim this as income?... |
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 My employer went out of business and I haven't got my last check.? |
| I live in Wisconsin and need to know what needs to be done about receiving my last check and how long i should wait to push the subject.She shut down the resturaunt hours after my last shift and i ... |
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 How much will it cost to file my tax return at H@R Block? |
| Hi, I have 3 short simple forms to file Would any one know an estimate on how much it will cost?... |
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 Is Pregnant Woman counted as 2 people for US Income Tax Purposes? |
When calculating income levels for medical, or other government healthcare support a pregnant woman is counted as 2 people.
Does this rule apply in general when preparing income taxes?
... |
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 How much can yuo earn before tax? |
| How much can you earn per annum before u pay tax on your earnings? I am 18 and a ... |
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 If I make $8,000, get a 1099, and am 16 yrs old, do I HAVE to file? |
Additional Details
I just started a new job and my boss told me they would give me a 1099. So I did some figuring, and I am going to come out oweing like $1500 (according to turbotax) ... |
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 Do you have to pay sales tax on Amazon? |
| What is the law regarding state sales tax online? What about specifically Amazon? A general overview of the system would be great. Thanks in advance.... |
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 Can and how can a bailiff take a car? |
can and how can a bailiff take a car in your driveway?
i owe council tax and am writing letters to council offering monthly payments, with cheques they have ignored me but cashed my cheque,... |
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 Taxes online? |
| Has anyone filed their taxes online? If so, whats a good place to do it? How effective is it and how long will it take to get the refund back?!... |
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 Will you get the $300 or $600 rebate check if you only made $1500 all year? |
how much would they get? is it $300 or $600?
& my friend said he filed his taxes last year & was suppose to get back about $600 but than he never mailed in his taxes!!
... |
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 Where can you call to find out your social security number to do your taxes if you do not know it? |
Additional Details
LOL!!!!! I should have stated that I was asking for my cousin as I know mine, my husband's, my kid's and most of my family's just by memory.... that is ... |
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 Tax credits? |
just wondering if anyone else is in a similar situation as me and how much tax credits you receive?
my partner works 39 hours a week 5.72 an hour, i'm working 8 hours a day as a dinner lady ... |
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 Would my current company find out about 2nd job from tax return? |
I work full-time right now but thinking about getting a secound job just for extra money.
Would my current employer find out about that at the end of year from tax return? If so, is there ... |
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 What percentage of my paycheck can I expect to be taxen out for taxes? |
| I am about to graduate college in 2 months and have a second interview for a job with the county. My starting pay (first 6 months) would be $14.66/hr. How much of that would be taken out for taxes?<... |
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 E-File with Turbo Tax? |
| Has anyone ever used E-File with Turbo Tax? If so did it work out to your advantage? was it a good experience? How long did it take for you to get your return?... |
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 I have a friend who has 5 kids.Every year another friend claims 2 of them??? |
| and they split the refund??? IS THIS REALLY LEGAL??? it bothers me b/c they get all kinds of gov't assistance and neither of them work and are able to. So really they don't even pay taxes-... |
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 How much does it typically cost to get your taxes done professionally? |
| Looking to get my own personal taxes complete. What is the average cost for the job?... |
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wonderwmn31 | What is the difference between claiming "0", "1", or "2" on your W4? |
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 |
 
Doc
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The fewer dependents you claim, the more gets withheld from your paycheck .. When you file taxes, your yearly tax depends on the number of dependents you claim. the goal is to not come out owing the IRS too much (obviously), and conversely to not have them owing you much either (because in that case they are giving you back your money which they held interest free).
If you get a lot of interest from savings and investments, you might want to claim a lower number because you're gonna get taxed on that interest anyway. |
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apapillondog
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How much they withhold from your check.If you are the only one in your household you should claim "1". That is what my mom always tells me. |
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STEVEN F
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The more exemptions you claim the less your employer withholds for taxes. This does not change your tax liability, only the amount withheld. If you don't have enough withheld, you will have to pay the IRS later and may be subject to penalties. The link below includes IRS withholding tables. The IRS website also has a withholding calculator to help determine the best number of exemptions the match your withholding to actual tax liability. |
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churchonthewayseniors
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the more you claim the less money is taken out of your check. if you claim o more will come out and 1 2 3 is less. i must tell you one must have the claim to be true, you can claim yourself, wife or husband [ both can not claim] and 1 for each child] |
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Steve
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Basically, the more exemptions that you claim, the less in taxes get taken out of your check. To come close to breaking even in taxes for the year, you should claim one exemption for every $2000 in deductions that you plan to have. |
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BigRichGuy
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1 is bigger than 0 and 2 is bigger than 1. |
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hollie
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I am recently separated and use to claim 1 but wow I had to pay in a lot of taxes. Now I claim 0 and hopefully next year I won't owe so much. How many you claim is how much money they take out of your check. There is a certain amount you must pay to how much you make. If at the end of the year you haven't paid it all you will owe. I hope this helps Good luck :) |
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Kenshin
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W-4 line 5 is the number of allowance you claim. What does that mean?
You have to understand the meaning exemption. Each person in USA have an exemption. In 2005 the amount of exemption is $3,200.00 which means if you earned $3,200.00 or less you won't be tax. If you have a child, He or she has an exemption. You can take that exemption away if you are providing 50% of the support to the child. Therefore you have 2 exemption or in 2005 2 x $3,200.00 is $6,400.00. If you earn $6,400.00 or less you won't be taxed.
Now If you claim -1- on line 5 it mean on you income tax return your exemption is -1-. meaning $3,200.00 of your total income will not be tax. The higher the Number of claim on line 5 the less tax you pay. If you set at -0- then you want the employer(boss) to withhold the maximum amount of tax.
get it?
Hey high five. |
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