Comments on: How Much Should I Save For Taxes If I Am Working In North Carolina? http://irstaxreliefsite.info/how-much-should-i-save-for-taxes-if-i-am-working-in-north-carolina/ Individual & Small Business Tax Advice Wed, 21 Jul 2010 17:19:36 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: Dantasti http://irstaxreliefsite.info/how-much-should-i-save-for-taxes-if-i-am-working-in-north-carolina/comment-page-1/#comment-865 Dantasti Thu, 04 Feb 2010 03:50:50 +0000 http://irstaxreliefsite.info/how-much-should-i-save-for-taxes-if-i-am-working-in-north-carolina/#comment-865 They don't deduct payroll taxes? Then you'll have to pay the gov't bodies by April 15th of the following year. Meaing Jan 1 2008 - Dec 31 2008 is the fiscal year, and taxes for that are due by April 15 2009. (actually filing for that year, you may have one month grace afterwards to pay) you should send a check in with your return. My advice is open a second bank account and put the money that would go to taxes in it. Make sure you cover all the bodies ( Fed, State and possibly municipality, and all taxes fed income, ss tax and medicare tax). Find out what bracket you are in, and put the appropriate percent aside. I think the appropriate number is 30%, but I'd consult with an account. A side benefit is you'll also get to realize how much the government is picking your pocket on taxes. They don’t deduct payroll taxes? Then you’ll have to pay the gov’t bodies by April 15th of the following year. Meaing Jan 1 2008 – Dec 31 2008 is the fiscal year, and taxes for that are due by April 15 2009. (actually filing for that year, you may have one month grace afterwards to pay) you should send a check in with your return. My advice is open a second bank account and put the money that would go to taxes in it. Make sure you cover all the bodies ( Fed, State and possibly municipality, and all taxes fed income, ss tax and medicare tax). Find out what bracket you are in, and put the appropriate percent aside. I think the appropriate number is 30%, but I’d consult with an account.
A side benefit is you’ll also get to realize how much the government is picking your pocket on taxes.

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