Did you claim an exemption? is he under 16?

 

Did you claim 0 on your W4?

 

he's 21 and i'm 19. I don't know what i put but i know we put the same though.

 

yeah that sucks know the feeling...this is the first year i actually made some money and get to claim myself...hopefully i will get some$$ back

As for you i would make about as much as you in years past and get about 300-400 back but i claimed 0 on the w-4

 

wait till you grow up and all of those numbers go much higher

 

x10

 

yea hopefully when that time comes i'll actually be on the receiving end

 

with the IRS, you are ALWAYS on the recieving end

 

Who do you owe the $58 to? State/Fed/both?

Fucking state taxes always come out of the left field for me, and I end up owing. And yes, my withholdings are what they should be for my status.

 

guess you need to grow up some more before that statement makes any sense to you

 

I owe it to federal. I can somewhat understand what you mean; seeing that everyone else is receiving as they age and of course will earn more and pay more, but still my parents never pay they actually get a little over 14k back. I would at least think i would break even.

 

I wasnt talking about recieving money....after all, this is the Goubment we are talking about here, and what is it that they are great at doing to the rest of us???

come on, I'm sure you can figure this one out....maybe ask Scooter, I hear he likes being on the recieving end

 

It's a good year when I break even.

I'm fawked this year since the house is paid off- no more mortgage deduction.

Guess I better change my W4 to 0.

 

I also did that. Next year should be even better.

And before any financial guru's put their two cents in about wasted capital, yes I know. But at this point in life I have no confidence in the U.S. economy. Right now, piece of mind suits me better.

 

ahh... well you should've mentioned it like that before :sonicjay:

 

Damn, your 21 and you didn't even make 10k this year. Wtf do you work? I'm 20 and I made 30k last year at an oil change shop....

 

Cheat on your taxes.

You have almost 0% chance of getting audited, since you make so little.

 

i'm a delivery driver... but i only have 1 year left till i'll have my bachelor's degree.

 

might be why they know you didn't claim them tipsoke:

 

Don't cheat your taxes, getting audited is a bitch.

Needless to say, ever since 16, I've gotten back a few hundred dollars or more each year from federal and a two hundred or so from the state. My dad also cuts me a nice check come tax time as well.

 

I paid almost 18k in federal tax alone last year. Would you like me to add state and fica to that number? Just tell your parents "your welcome"

Hey Skooter, since your what 30? and all, can your parents still claim you as a dependant?

 

I would just like to be making enough money to have to pay $18k in taxs.

 

i guess for the next year i could just get injured/fired from work and collect unemployment while selling things on craigslist and be better off. FML

 

Please don't. We have enough leaches in the US.

 

roadhouse
Taxes suck, life is tough and then you die. Ps don't ever own your own business or do work as an independent contractor. Last year I did some side work that I made a whopping ~$2400 on the 1099 and had to pay ~$500 of it back.

 

"in this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin

 

I actually just got a job as a tax preparer, and yeah 58 is what I came up with too just by doing it real quick in my head, and using a tax table.
Your parents probably won't be getting as much back this year if they claim the EIC because you're 19 and the cutoff is under 19(unless you're in school full time).

Do you rent or do you stay with your parents? If you rent do you pay heat in your place? If either of those are true you could get the homestead credit and the home heating credit on your state return.

 

or you know, he could itemize, claim mileage, and get all of it back.

 

Yes I am still going to school full time, and will be for the next year and a half. Last year i lived at home and just paid for jeeps parts, car insurance, phone bill, and a gym membership.

 

I get around 50 bucks taken from my $300 checks and i don't think im getting shit.

 

i was actually planning on claiming my tips and mileage just so i could write off car problems; however, i guess the car used for work has to be inspected before duty :sonicjay: I guess i'll just have to do some under the table work to make up for my loss

 

You should try to break even, no sense in letting the Government hold your money for a year with no interest, just to give it back to you at the end of the year.