16. February 2010

3 Comments

How Can I Determine How Much Taxes Is Supposed To Be Deducted From My Paycheck?

Sometimes I think my company is with holding way too much taxes out of my paycheck. I confronted the human resource manger, and she just said that my last job wasn’t taking enough out. The thing is, I didn’t have a problem doing my taxes last year. Does someone know like a tax deduction percentage [...]

Continue reading...

16. February 2010

1 Comment

What Taxes Does A Maryland Resident Pay On Inheritance Money From Out-of-state Relative?

If I receive money as an inheritance from a relative who does not live, nor has ever lived, in Maryland, do I have to pay taxes to the state of Maryland on the amount I receive?

Continue reading...

15. February 2010

4 Comments

How Much Should I Withold For Taxes When Doing Side Work? I Have A Full-time Job,side Work Will Be About $32k

Each project will be approx $4000 (computer programming work). I have a full-time job and I’m going to do this work on the side during the weekends. Is there anyway to give the government their cut after each job? I hate trying to put money away to pay for taxes not knowing [...]

Continue reading...

15. February 2010

3 Comments

What Taxes And Regulations Apply To A 15 Year Old’s Business?

I would like to start a business fixing computers, comp tutoring, etc. My question is what kind of taxes apply to me and do I need to register business name and everything?

Continue reading...

14. February 2010

4 Comments

What Taxes Would I Have To Pay If I Run My Own Business From Home?

Does anyone know what taxes I would have to pay if I am running an internet based shop from home. Do I have to register for VAT as soon as I start to sell? How much national insurance would I have to pay? I expect to be selling items of around $25k P.A of which [...]

Continue reading...

13. February 2010

1 Comment

Do I Need To File Estimated Taxes If I File Jointly?

I am a stay-at-home parent. I started a freelance business and expect to earn a total of $7000 by the end of the year. I file jointly with my husband every year. He is paying enough through withholding to cover my tax expenses. So, do I have to pay estimated taxes on what I earn? [...]

Continue reading...

13. February 2010

5 Comments

How Does The $8000 First Time Home Buyer Tax Credit Work For Someone Who Didn’t Owe Anything On Taxes?

I am in the process of buying my first home, and I am wondering how the $8000 tax credit will help me if at all. I have never owed anything on my taxes, I have always got a refund. Someone told me that if you didn’t owe anything on your taxes that you would actually [...]

Continue reading...

12. February 2010

3 Comments

What $ Amount Do You Start Paying Taxes For A Cash Prize?

I have just recently won $500 dollars cash prize at a contest at my work. My work taxed the cash prize…. I thought that the taxes start at $1000. Could someone clear up the Tax Rules on Cash Prizes less than $1000 in Pennsylvania?

Continue reading...

12. February 2010

2 Comments

Can Taxes Be Amended If Divorce Decree States To File Jointly?

Can taxes be (forcefully) amended if the divorce decree states that the divorcees file jointly for a specific year, yet one spouse acts quickly and files separately claiming the children anyhow – against the court settlement?

Continue reading...

11. February 2010

3 Comments

Is It Worth Paying More Property Taxes For A Home I Am Planning To Buy?

I am planning to buy my first home and there are some homes which have property taxes around 3k-4.5K /year
There are some newly constructed homes(2004-2005 model) and they have higher taxes of around 6k – 7K/year.
1) Is it worth buying these newly constructed homes with those higher property taxes ?
2) Any other pros & cons [...]

Continue reading...