im a truck driver. i work for a company and am not self-employeed. i live in ohio. ill bring in around 40,000 gross this year. no kids, no deductions... im single... white...
will i get or recieve? how much? thanks!
2006-09-04 03:42:38 · 5 answers · asked by sean_mchugh6 3 in Business & Finance ➔ Taxes ➔ United States
Well as a truck driver....they have a daily allowance they can use on their taxes....There are job expenses that u use on a daily bases that u dont think are used on ur taxes. Like meals on the road, entertainment, hotel stays, car rentals, loading-unloading fees, supplies-like shoes, clothing, mileage lodge books. These things are deductable on ur job. So keep reciepts and a good record and it will pay off at the end of the year for ur taxes.
2006-09-06 06:40:42 · answer #1 · answered by csabrinam 3 · 1⤊ 0⤋
At least you are not a business owner they get screwed even more. It also depends on what you claim on your W-4's. If you did 0, then you probably won't owe any extra money. If you claim 2, you'll probably owe money.
Next year you may want to check into getting deductions. Charitable contributions, real estate taxes, mortgage interest etc. But also, you might want to see a financial planner and or tax accountant, they can give you info about tax planning and stuff like that.
2006-09-04 12:43:55 · answer #2 · answered by It's me 3 · 0⤊ 0⤋
You'll owe somewhere around $4650. Check what's taken out of each paycheck for federal withholding, and multiply by the number of paychecks per year to get the total that they'll withhold. If the withholding is more than around $4650, you'll get a refund. If it's less, you'll have to pay.
If you're way short, change your W-4 asap to get more taken out, to avoid interest and penalties, and also avoid a big tax bill in April.
Ohio also has a state income tax - the above answer is just for federal.
2006-09-04 15:09:29 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
You are a prinme candidate for roasting over the I.R.S. cooking spit, turned slowly!!!
You pay the most of any individual class of taxpayer!
http://fairtax.org would totally change that scenario, so that the 'wealthy' actually pay their share, and the 'underground economy' of $3 trillion is finally tapped!
Fairtax eliminates the burden that is currently on YOU as a middle class earner, pays in full all Social Security, Medicare, and Federal tax budgets.
Also, we all need to eliminate all the Congress who voted for the several "Bridge to nowhere" projects, like the one in Alaska, funded for $124 Million, for the 28 residents on that island!
http://cagw.org
2006-09-04 10:52:44 · answer #4 · answered by Anonymous · 0⤊ 1⤋
if you made approx. the same last year and got a refund and nothing much changed you can go by that.If it's a new job ask co worker or look at tax charts and guess at it or go by h&r block they may tell you free.
2006-09-04 11:07:08 · answer #5 · answered by moonwalker 3 · 0⤊ 0⤋