My employer did not withhold federal income tax in 2009 because they said my pay checks were not above $600. A part time employee getting paid every two weeks. I had 0 exemptions, as all the exemptions are taken by my spouse.
Posts Tagged ‘less’
I owe Uncle Sam money this year in taxes. Is there anyway I can invest my money so I’ll have to pay less?
01
Jul
I just finished doing my taxes but unfortunately, this year I owe Uncle Sam a descent amount of money (more than 5K).
I have already maxed out my 401K and I am not eligible for IRA due to income limits. So what can I do before April 15th 2009 to reduce my tax bill for 2008?
I heard you can invest in tax-deffered Annuities and claim it as tax deduction. Is that allowed? Do I have any other options to keep my money legally?
Are there taxes or penalties assesed to a Roth IRA that is cashed in for less than has been deposited?
16
May
I have invested $6000 in my Roth IRA over the last two years, the balance is now about $5000. I am under 59. If I close out this account, will I owe any taxes or penalties since I have essentialy lost money on the investments. Ths is not my main retirement account, so please no comments on lost future earnings, etc. Thanks.
I am having tax issues with the IRS, I worked a lot and payed less but I was not away of it. I need advice?
09
May
Should I go or cancel my Appointment with IRS, or go with a lawyer if I find one that I can afford. or make payments but how do I stop the interest, will having a big family help.
We paid $2000 less in Federal tax this year from last. Thus our refund is lower.?
08
May
Is this due to the tax relief passed in 2009 that instructed employers to take out less tax? I’m guessing that the money was spread out through the year rather than getting it back on our refund. Right? All over our exemptions have remained the same.
Is it ever better to purposefully make less money for tax purposes?
05
May
For example, would it be better to purposefully make less money in order to be eligible to contribute to a Roth-IRA and enjoy its long-term tax benefits?
(I know there are tons of other examples and complicated tax code rules.)
Is it ever better to make less?
Less parents 2010 tax returns equals less college financial aid?
22
Apr
Last year my parents had about a 2,000 tax return and I have VERY generous financial aid this year. Nearly everything is paid. However, this year my parents received a 1,000 tax return, while earning the same amount of money because mortgage interests went down. Does this mean my financial aid for next year in school will go down? If so, and I have literally no money to pay this, what are my options for loans, etc?
How does capital gains tax work on a home lived in less than 2 years?
07
Apr
I Plan to sell a home before it has been lived in less than 2 years. Anticipated profit is $50K. How does capital gains tax apply to this?
How much less 2005 federal income tax would you have had to pay if you were a head of household?
06
Apr
Is is true when they say the more you make in your income, the less you get back when filing taxes?
17
Mar
This is my first time filing taxes with a full-time job instead of just a part time only. Since I have both full and part time job and make about 19,000 yearly, will I get more back since my income is not that high? I truly don’t understand how they calculate how much you will get, but I will like to know how you can determine how much you earn when you get taxes filed?
is there an online tax preparation that files free federal and state if my income is less than 50K?
07
Mar
With the Alternative Minimum Tax will it be better for my wife to work less?
04
Mar
How much money will subject me to the Alternative Minimum Tax as a return filing jointly.
Should I pay someone to file my taxes if I am a contract paralegal making less than a certain amount?
26
Feb
I’m in a somewhat complex situation and I would appreciate any help.
Long story short: I graduated in May and have been working as a paralegal since June in the next town over from my home in PA. (I also still live with my parents, and am still a dependent) The attorney I work for does not take anything out of my paycheck, he simply agreed to pay me XXX amount each week (sometimes one every couple of weeks), and I have been keeping an excel sheet of this. I also have used my car at least 13x to go to court. But, I estimate that, by Dec 31, I will have made less than $4000 this year.
Also, until I graduated, I worked part time in the research office for my school. THEY, of course, took out necessary taxes, as I saw on my paycheck.
Am I allowed to deduct things like gas mileage from my taxes if I’ve been keeping tabs? If so, is it worth it to hire a tax consultant such as H&R block? Or should I just do federal and state taxes myself using Turbo Tax?
Income tax questions: Do I fill out a 1040 schedule D if I sold stock at a profit of less than $700?
24
Feb
Do I fill out an income tax 1040 schedule D form if I sold stock at a profit of less than $700? I’m hearing different answers from a few different people. Someone said that I would only use schedule D if my gain was over $1500. Anyone know the answer? Thanks!