 Does taking a leave of absence mean quitting??? |
| I work as a PT sales associate and I am planning trip out of Canada...it will be for a month...I was thinking of taking a leave of absence but my employer told me that I will have to quit and that ... |
|
 What does this mean? |
I checked my status on my federal tax return and it said that it was mailed on Friday and that i should receive it before march 21st then it goes on to say this
Your refund may be reduced to pay ... |
|
 (Online petition)......Why is petrol and diesel in the UK? |
allowed to be sold by the 0.1p.
Example: 102.9p instead of 103p when it is impossible to split the 1p?
If you want to join the petition, visit the government link at:
http://... |
|
 Do you believe illegal immigrants should be double taxed to prove they want to be here!? |
| Instead of being tax free for a couple of years they should pay like us! I don't remember ever getting to be tax free, WHERE'S MY FREEBE!!!!!!!!!!!!!!!!!!!!!!!!!!!... |
|
 Donating and claiming it on taxes? |
Hi,
I have donated close to $3000 worth of clothing to goodwill here in Hawaii. But i didn't know i could claim it on my taxes. :( I didn't donated for the money but i didn't know ... |
|
 Can you apply for unemployment while you are still working? |
| weeeellll .... the company i work for gave 260 of their employees 2 months to look for another job because the company is moving to Oklahoma ( im in CA) . but .. i have to stay in the company until J... |
|
 INCOME TAX to be abolished ... To stop CHEATS? |
Or at least it should be . and put the lost revenue on FOOD.
That way you could not "CHEAT" the system.
You would only have to add 1 penny to every food item sold to recoup the ... |
|
 I did not work and I did not collect unemployment, do I file a tax return? |
| I have not worked for two years. Someone told me I still need to file a tax return. Is this true?... |
|
 If I file my taxes early, can I still wait til April 15 to pay? |
| If I file my taxes early (like in January) and I owe, can I still wait til APRIL 15 to send that payment?... |
|
 I would like to know if there is much hazard in giving my employer my account # for a direct deposit? |
| I called my bank and they said that the only way someone would be able to tamper with accounts is if he/she had a certain license to do this with the account info; and I could easily file a claim and ... |
|
 What's the difference between an accountant and a chartered accountant? |
| I have an accountant at the moment, he's a chartered accountant. I'm thinking of changing. My accountant is lovely but I just cant take much in that he tells me, it goes in one ear and out ... |
|
 In California, What does CRV stands for? |
| It has to do with recycling, so I presume C stands for California, R recycling, what about the V?!... |
|
 Can you pay a current employee off the payroll books as unreported income if it remains under $600? |
| If we have people that we have as employees on payroll can we pay them additional wages off payroll and not have them be taxable as long as it remains under the $600 limit?... |
|
 I did not get the refund today as expected? |
| I neither owed the IRS money nor did I get a refund. Imagine that? Even though I filled electronically, the IRS had no routing number. So, it looks like I'll have to wait un the end of June ... |
|
 I would like to ask the same question kikarose021 asked -WHAT TIME OF DAY does the IRS transmit rebate to bank |
| My last two digits are 04 - it is 12:48 a.m. and still no deposit - does anyone know what time of day the IRS sends direct deposit rebates? I am so scared it won't come! I would have thought ... |
|
 I have not filed taxes in 6 years will the irs send me my refund this year without past years turned in? |
| I have not filed in 6 years, although I have money coming back for those years they are not complete. this years is complete can i send them in before sending in the previous years?... |
|
 Why did I pay in $4500 in taxes, but only get a $250 refund? |
| I guess I don't understand taxes ... I've read other questions & some have said that it's good to not get a refund because you had more of your own money throughout the year. But ... |
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bjoak | Why does my refund drop if i can be claimed as a dependent? |
I'm working on filing my federal taxes. In 2006, I have a summer job in which I brought in about $5,885, as well as a job on campus (exempt from FICA) that brought in $1025. I also earned $108 in interest income (1099-INT) from my bank.
My total federal withholding for the year was $458. I was looking into using H&R Block's tax program to do my taxes...but when I check the box "I can be claimed as a dependent", it knocks my return from $458 to $271. Why? Is there anything I can do? |
 |
 
non_apologetic_american
 |
That's the way it is and there is nothing you can do. If your parents declare you as a dependent then they get a tax break, and you, by definition, are special case of the "Single taxpayer" case with zero exemptions.
The kicker is that IF your parents make too much money (above 150K gross), then they probably get no tax break with you as a dependent anyway, and they are better off not even claiming you.
If they are getting the break, ask them for some of the money...say 1/2 of the difference. It's only fair!
. |
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spicertax
 |
You lose the exemption for claiming yourself. Since your parents are saving taxes you can complain to them and hope they give you some part of what they saved. |
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jseah114
|
Because the IRS will treat you as if you were claimed as a dependent if you could be claimed as a dependent, even if your parents elected not to claim you as a dependent. |
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jojo
 |
your refund drops because the person who claims you
gets a deduction |
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miketorse
 |
No, it's because you can't claim yourself as a dependant (exemption actually) when someone else can claim you. Just how it goes with students. Sorry about that! We all went through it! |
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Danny J
|
The standard deduction for a single person living on their own gives you the 458. However if you are claimed as a dependant, then whoever is claiming you is receiving that standard deduction. The IRS doesn't allow two people to claim the same deduction. |
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jennifer74781
|
Because your parents get the deduction. IRS won't give two deductions for one person. Doesn't make sense. |
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sarge927
 |
The reason your taxes go down is because someone else was footing the bill for your support. Your parents were the ones putting a roof over your head, clothes on your back, food on the table, and I'm guessing they're also the ones paying for you to go to college. So your parents are the ones that should rightfully get the extra deduction for all the extra money they paid for supporting you.
To answer your second question: No, there is nothing you can do. Be happy with $271.00 and be thankful that you ARE getting something back -- many people will be owing the Federal Government this year. And DO NOT try to say you can't be claimed as a dependent because you'll be audited faster than you can say IRS. If that happens, not only will you not get the $271.00 you're entitled to, you may end up paying a hefty fine for filing a fraudulent return. |
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