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Browse: Home / MONEY / Taxes

Taxes

When making estimated tax payments to the IRS, do I need to include an amount to cover self-employment taxes?

Richard M: When making estimated tax payments to the IRS, do I need to include an amount to cover self-employment taxes? I am a self-employed consultant as of this year, so I am responsible for both income and self-employment taxes. If I cover all income taxes due with estimated taxes during the year, but do not include funds to cover SE taxes … [Read more...] about When making estimated tax payments to the IRS, do I need to include an amount to cover self-employment taxes?

Taxes?????????????????????

Bg B: Taxes????????????????????? If a pro hockey player makes 4-7 million dollars a year how much of it goes to taxes and does he get it back. My mom just told me what taxes are and I don't understand what the point is why is it that people that make 5 million dollars have to pay more than people that only make 50 000 dollars I don't get taxes … [Read more...] about Taxes?????????????????????

How much taxes should be taken out of mine and my husbands’ paychecks?

Mrs. L: How much taxes should be taken out of mine and my husbands' paychecks? I claim 4 dependents throughout the year and my paychecks are $ 961.38 Bi-weekly." before taxes " My husband also claims 4 (big mistake yes), throughout the year and his paychecks are $ 980.62 before taxes OK.. We already have taxes taken out we are just trying to … [Read more...] about How much taxes should be taken out of mine and my husbands’ paychecks?

How much taxes do you pay on stocks? Husbands company is selling to another company. When do you pay taxes?

shookme6869: How much taxes do you pay on stocks? Husbands company is selling to another company. When do you pay taxes? Suppose to be getting around 135,000. Do I have to wait until the end of the year to pay taxes on this? Answers and Views: Answer by Barkley HoundYou don't say if your are receiving or selling stock. Tax is due of the … [Read more...] about How much taxes do you pay on stocks? Husbands company is selling to another company. When do you pay taxes?

What constitutes proof of gambling losses as a tax deduction?

Andy: What constitutes proof of gambling losses as a tax deduction? when you lose at the blackjack table in atlantic city, they dont give you a receipt- what is legitimate proof to submit as your receipt of a gambling loss? Answers and Views: Answer by Joe 64You can't deduct gambling losses. But if you win you have to report those … [Read more...] about What constitutes proof of gambling losses as a tax deduction?

What are some recommendations for gifts to family to reduce tax?

Warden Willie: What are the guide lines for gifts to family to reduce tax liability? Family members would be my children and grandchildren. Answers and Views: Answer by Kutekymmeeanything under $ 10,000 per year is a non taxable gift. anything over that is taxable.Answer by zudmelroseGifts to family members are not deductible for income tax … [Read more...] about What are some recommendations for gifts to family to reduce tax?

What total percentage of income to Norwegians pay in taxes.?

Hgldr: What total percentage of income to Norwegians pay in taxes.? Not just their own federal tax but also sales tax, car tax, local tax. Do they have an equivalent of county tax? Add that too. Here in the US, 45% of my income goes to all these taxes. Do they really pay more taxes than us? Answers and Views: Answer by bostonianinmoI have a … [Read more...] about What total percentage of income to Norwegians pay in taxes.?

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