I paid emergency tax in previous job, when left i didn't receive a p60.? |
i have now got another job but because of this i am once again paying emergency tax. i have paid over £1000 in less than 6 months.
What should i do to see if i am entitled to a tax rebate and ... |
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I have put 3k into my ISA for the year, and as you know you can only save 3k every tax year. So i was wonderin |
what other types of saving acounts could I open with a high percentage rate and no small print.
All good answers apriciated.
Thank You.... |
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My mother has asked me to find out:? |
If she is a widow, is there any way to avoid inheritance tax -are there any tips you can offer?
Note: Please, no offers of consultations from financial advisers!
Many thanks for ... |
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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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Mountain Girl | You get penalized on your taxes if you're married? |
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xtraheavy01
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No. i thought you get a benefit.
1)you get lower rates as married
2)you get a higher standard deduction
3)the only downside is that you have to report both incomes. which may put you into a higher income tax bracket |
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acmeraven
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No you don't. Take a look at a form 1040 and notice that a married filing joint return just doubles the standard deduction amount from 5450 to 10900. Same with exemptions and so on. Never listen to "they" and you will be better off in the long run. |
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v b
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Yes and No.
About 4 years ago, the government revamped some of the basic tax code.
Now, the standard deduction for MFJ is double that for single. The lowest tax brackets are now double as well. So for lower tax brackets married couples with no children and no credits, the tax pretty much comes out the same or better than if they remained single.
The marriage "penalty" (where you pay more than if you had filed as single) comes in with higher incomes or if you are poor with children. Separately, a single woman with kids and low income may have qualified for EIC; married with a spouse who also works, she probably won't. However, EIC was never intended to encourage shacking up. |
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Judy1
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For low to middle income, no. For high incomes, if BOTH people earn a high income they might pay more tax by being married - if only one of a couple has a high income, they'd pay less. |
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da_boss_yo
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yes |
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Hank Roitman, EA
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4 years ago Congress granted "relief" from, not elimination of, the marital penalty.
Generally, if you are a typical taxpayer, ie your AGI for MFJ is under approx $63000, married or unmarried wil pay the same tax. (EIC is an exception).
Over that amount, there are so many nuances in tax law where married people get toasted worse than 2 singles with the same aggregate income that it would make your head spin. |
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yourtabo
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Why would the IRS "penalize" married couples?? If you use Married Filing Joint as your filing status, your tax rate is lower than filing Single. So I'm not sure what you mean by penalized on your taxes. You only get penalized by the IRS if you failed to file a tax return timely, failed to pay your taxes, and errors on your tax return. |
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Beau.Gus
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Only if you file your taxes wrong! |
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