 Hi! I need your help!? |
| My mother bought a flat for Rs 4,50,000 in year 2000. We are planning to sell the flat for 14,50,000 now. Should we pay tax to the government for this? If yes, how should we pay the tax? Should we ... |
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 35k, does it mean net income(after taxes) or gross(before taxes)? |
| 35k, does it mean net income(after taxes) or gross(before taxes)?... |
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 I'm a stay at home mom filing a injured spouse form. My husband owes back child support. Will I get a refund? |
| My income is minimal for last year and didn't pay much in taxes. From what I've read is that the eic will be based on income. I don't think its fair that my baby will give his ex-... |
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 Do you think TV license is to expensive. id like to partition against it how would i do this? UK? |
i think the tv license is to expensive how would i get up a partition against it..
Additional Details
tv license is now about £138.0 per year dats alot of money for repeats and junk tv.... |
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 Can I write off unpaid wages on my taxes? |
| My employer filed bankruptcy and owes my $12,852. Can I write that off on my taxes?... |
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 Can I Claim Buying A Car At Income Tax Time as A Deductible? |
| I bought a car in June and I was told that I could claim that as a deductible I was only wondering if anyone else knows anything about that.... |
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 When is the EARLIEST you can file your income tax at the end of the year? |
| as soon as you get your last check stub for that year, right? what if I got fired in November, and got my last check stub, can I file in N... |
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 Should I stop havening taxes taken out of my regular payheck if I started my own home based business? |
| I just started a home based business that will probably give me tons of deductions for my taxes this year. I also work full time at another job that takes the normal taxes for a single person (1 ... |
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 I'm a u.s. citizen married to an illegal immagrant. How do I file? |
| He doesnt have a ssn. and he hasnt worked this year but I have. How do I file? I figured it would be "married filing seperately" but what do I put down for him? do I just file jointly and ... |
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 Should my parents file me as a dependent on their taxes? |
| I am 22, work part-time and go to school full-time. I do not live at home and am not supported by my parents. I make over $3,200.00. Do my parents still need to list me as a dependent since I am ... |
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 When filing taxes do I add my husbands SS benfits in with my wages? |
| It would definately bump up my Earned Income Credit? I know none of its taxable but wasnt sure if I could add it as income or not?... |
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 What if my company accidentally put in that I have 2 dependents for tax purposes? |
| I started my first job after college last August and put 0 in the dependents areas on the tax info sheet but now that it is tax time I've discovered that they have had me down for 2 dependents ... |
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geotrader | When are taxes paid with a roth ira? |
Suppose I start a Roth IRA with money that I have saved. I have been told that interest(s) earned from the Roth is taxable, but the rest of the money invested is not taxed since I used tax paid money to start the IRA. Is this correct? This is a very confusing topic. Lots of people that saying that it is not taxed. Can I have a Roth that doesn't earn interest? Why would I want to? Thanks in advance. |
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src50
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You contribute to a Roth with after-tax dollars, so you've already paid taxes on it. Thereafter, the Roth including all its earnings are tax-free as long as you wait until age 59 1/2 to start withdrawals. |
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Audrey A
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Since you contribute post tax money into the plan, your contributions are completely tax free regardless of when you take it out.
However, for earnings to be tax free as well, you can't have withdrawn the money before the age of 59 1/2. If you do, then the earnings become taxable as regular income (and you will get a 10% penalty), but your contributions will remain tax-free. |
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gberg_4
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A roth IRA is tax free...growth and all. Why would you put your money in something that doesnt earn interest? Inflation would just eat it up then. |
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Judy1
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You pay tax up front on the money you put in, when you first earn it. So you are putting in what's called post tax money. When you withdraw from a Roth, you don't pay tax on the withdrawal, and don't pay tax on any appreciation of what you put in. Interest earned in a Roth is NOT taxable. |
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jack bauer
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A Roth IRA is totally not taxable when withdrawn after age 59 1/2. However if you withdraw the money before that age income earned on the deposited money is taxable. You will need to separate the money you put in as to the income it earned. In addition, as of 2007, principle withdrawn during the first 5 years will be subject to a penalty. |
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Scott K
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Roth IRA's are not deductible, but the interest earned is tax exempt (provided that you maintain it for 3 years.) Contributions are limited in certain situations. |
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mikeeyman
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You never pay taxes on a Roth IRA... When you withdraw at 59 1/2... It's 100% tax free.
You can have interest income, dividend income, capital gain income, etc.... All tax free! |
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Richard M
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The money that is invested in a Roth IRA has already been taxed, unlike the money invested in a Traditional IRA which you deduct from your income for tax purposes. As long as you obey the withdrawl rules, all money you withdraw from a Roth IRA, including any capital gains, interest or dividends earned on this money is free from tax. |
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