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| *The Commerce Journal>>>United States Taxes |
Taxes return? |
is it true that someone who has a part time job and earns $550 monthly(net amount) can get an amount of the taxes, they took from the paychecks, at the end of the year? how much? This also depends on your age, whether you not you are living on your own or are still in school and living at home with your parents. all of these come into play to determine how much, if any, you will get back. Net doesn't cut it. What was the gross pay? If you are independent adult, you can make up to $8750 without owing taxes (unless it's SE income). If all you earned was $6,600 or so, (I have no idea what your withholding was), you should get back just about everything you had withheld for federal taxes. I also don't know what state your are in so I cannot speak of that. If you only earn $550 a month you should get back almost all that you paid in. How much depends on how much was withheld. |
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The Tax Increase Prevention Act of 2007 (H.R. 3996) has been signed into law, increasing the 2007 AMT exemption amount to $66,250 for married taxpayers and $44,350 for unmarried taxpayers (up from ... You have to file an amended return (1040X) for the year of the W-2. You can't put income from one year on the return for another year. ...The free file is fine if you go through the IRS website to get to them. The free part is the tax preparation--then you print and mail or pay $15-20 for efiling. ...Yes. If your child was born in calendar year 2007, even 11:59 on December 31st, you can claim him. ...did you work at all in nyc for any part of the year? if yes, then there ya go. but the good thing for all you nonresidents is that you don't have to pay any nyc tax. if you did live in nyc ... Hire a tax professional who can go over your information and give you an answer based on all of your tax return not just your business side of the equation. ...If you haven't sold it, you have "unrealized" losses. You must "realize them" (sell them) to put them on your tax return. And you can't rebuy the stock for 30 days... Call the IRS and get the application package. It's a very long and complicated form. ... |
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