• Do I need to pay taxes if I make under 1,000$ a year?

    Sorry if this sounds like a stupid question, but I'm self employed and I make under 1,000$ a year, so do I need to pay any taxes?
    Sorry if this sounds like a stupid question, but I'm self employed and I make under 1,000$ a year, so do I need to pay any taxes?
    11 answers · 9 hours ago
  • Do teenagers owe federal taxes?

    My first job, I made about $342 and it took $64 out of my account because it went towards the federal government taxes. I thought teenagers didn't make enough money to owe federal taxes? Do I talk to my manager about it, what should I do?
    My first job, I made about $342 and it took $64 out of my account because it went towards the federal government taxes. I thought teenagers didn't make enough money to owe federal taxes? Do I talk to my manager about it, what should I do?
    16 answers · 3 days ago
  • Not filing taxes?

    Is it illegal to not file your income tax return, will you get arrested/go to jail. I don't mean not paying taxes, i mean not filing your income tax return
    Is it illegal to not file your income tax return, will you get arrested/go to jail. I don't mean not paying taxes, i mean not filing your income tax return
    10 answers · 1 day ago
  • Can my sons father claim my son as a dependent on taxes if I claim food stamps for my son and I?

    Me and my sons father are separated, living in separate households. He stays with his father every weekend and every Wednesday. I claim food stamps for my son and I. I don’t collect child support, because we don’t feel the need to. I make 200 dollars a week and I don’t pay taxes, because I don’t make enough. My... show more
    Me and my sons father are separated, living in separate households. He stays with his father every weekend and every Wednesday. I claim food stamps for my son and I. I don’t collect child support, because we don’t feel the need to. I make 200 dollars a week and I don’t pay taxes, because I don’t make enough. My sons father makes over $300 a week. Is my sons father allowed to claim him as a dependent, even though I get food stamps for him?
    8 answers · 22 hours ago
  • Why does the tax reform bill raise taxes on those making between 10 and 75 thousand (over time) but cut taxes for the very rich?

    Best answer: Simple. It was written by Republicans. It's what they now do. The last time that there was a major re-write of the tax code was back in 1986. I well remember it. It took over TWO YEARS to complete and there was substantial input from BOTH parties. Congress heard from hundreds of witnesses and experts. ... show more
    Best answer: Simple. It was written by Republicans. It's what they now do.

    The last time that there was a major re-write of the tax code was back in 1986. I well remember it. It took over TWO YEARS to complete and there was substantial input from BOTH parties. Congress heard from hundreds of witnesses and experts. The final product, as imperfect as it was, was truly a bipartisan product.
    9 answers · 1 day ago
  • Is a tax on a tax Constitutional?

    8 answers · 24 hours ago
  • I got a cp 2000 notice. how do i make it right?

    i agree that the notice is correct, but can't afford to pay the full amount owed up front (the mistake was made in 2015). should i set up a payment plan, or will the irs just take my tax return every year until the amount is paid?
    i agree that the notice is correct, but can't afford to pay the full amount owed up front (the mistake was made in 2015). should i set up a payment plan, or will the irs just take my tax return every year until the amount is paid?
    6 answers · 6 hours ago
  • Why did I have to pay $300 while doing my taxes last year?

    So it s almost that time of the year where tax refunds are going to be available. It seems like everyone usually receives a large amount of money (from $500-$2000) in tax refunds. I was so pumped to get some money back last year but it turns out that I actually didn t receive any money at all. Instead, I had to pay... show more
    So it s almost that time of the year where tax refunds are going to be available. It seems like everyone usually receives a large amount of money (from $500-$2000) in tax refunds. I was so pumped to get some money back last year but it turns out that I actually didn t receive any money at all. Instead, I had to pay the IRS $300 out of pocket. For what? Beats me! I m only 19 and I m currently a hardworking college student who is borderline broke. Why are they making me pay money? Do they feel like I ve made too much? What really sucks is that my older brother got $2000 back from his taxes and he had the same job as me. However he worked a decent amount of more hours than me. But really, how is that fair? The worse thing about this is that I just got fired from my job a month ago and now I work under the table. This year, I feel like the IRS is going to take full advantage because they have the excuse that I ve been earning money without paying the taxes for my income. Should I even add that to the sheet when I do taxes this year?
    12 answers · 3 days ago
  • Question about tax refunds?

    This will be my first year filing for a tax return and I know nothing about taxes. I was using the turbo tax site to calculate what i would get back, and for federal withholding I put $1010, thats for the first line of federal withholding on my check stub, but underneath that theres also: MED/EE - TAX AMT: $4.81 |... show more
    This will be my first year filing for a tax return and I know nothing about taxes. I was using the turbo tax site to calculate what i would get back, and for federal withholding I put $1010, thats for the first line of federal withholding on my check stub, but underneath that theres also: MED/EE - TAX AMT: $4.81 | TAX YTD: $161.15 OASDI/EE - TAX AMT: $20.59 | TAX YTD: $689.07 I am unsure if I add the Tax YTD for those to the $1010 estimate or not, they are federal taxation's but I am unsure. Also I've been asked if I had any allowances, i'm not too sure what they are, but from what I understand your marital status and other things effect how many you can take i think but am unsure, I would appreciate if anyone could explain that and what allowances I could take if any. I'm single and my only income is my job and I make about $13K a year. If you need anymore info let me know. Thank you.
    6 answers · 23 hours ago
  • I made 36000 this year and my total federal taxes taken out was 5500 I have nothing to claim other than myself and I claimed single 0?

    can anyone figure what I might get back give or take
    can anyone figure what I might get back give or take
    6 answers · 1 day ago
  • I'm trying to obtain a non filer form from IRS.gov & It keeps saying to call a number then the automated system says technical difficulties?

    It's for my financial aid for school & I can't get that until I submit all the paperwork. Is there any other way to get this form
    It's for my financial aid for school & I can't get that until I submit all the paperwork. Is there any other way to get this form
    6 answers · 2 days ago
  • Will i get my last tax return ?

    9 answers · 3 days ago
  • Should I claim 2 on my W4 form?

    I am single and have no kids. Will I owe if I claim 2?
    I am single and have no kids. Will I owe if I claim 2?
    7 answers · 2 days ago
  • Taxes for Bitcoin?

    So I bought some bitcoins back in 2011 that are now worth over 500k, and I was wondering what sort of taxes I'd need to file if I only use my Bitpay debit card for basically everything. I haven't sold any bitcoins, I have just put it all into the Bitpay wallet and use the Bitpay card for purchases. Sorry... show more
    So I bought some bitcoins back in 2011 that are now worth over 500k, and I was wondering what sort of taxes I'd need to file if I only use my Bitpay debit card for basically everything. I haven't sold any bitcoins, I have just put it all into the Bitpay wallet and use the Bitpay card for purchases. Sorry for being dumb when it comes to taxes, I just dont know much about this stuff and couldnt find anything on Google lol
    13 answers · 4 days ago
  • Paul Ryan on the Fox News Taxes Town Hall said only the rich itemize. Do only the rich itemize on taxes?

    Best answer: I am not rich (income is about $60,000) and I itemize every other year. I am single so the number I have to beat is $6350. I don't have a mortgage, so the 3 items on my schedule A are property taxes, sales tax and charity. 70% of Americans do not itemize. And, with a straight face, Ryan recently claimed... show more
    Best answer: I am not rich (income is about $60,000) and I itemize every other year. I am single so the number I have to beat is $6350. I don't have a mortgage, so the 3 items on my schedule A are property taxes, sales tax and charity.

    70% of Americans do not itemize.

    And, with a straight face, Ryan recently claimed middle class went up to $450,000 of income.
    12 answers · 5 days ago