There is a booklet that tells you the percentages for filing for separated, married filing separately or just filing as married. I'm trying to decide what to put on form when I start a new job. I also want to know what percentage they will be deducting from my check so I can figure out my net check.
2006-10-20 19:31:10 · 6 answers · asked by Gaie 1 in Business & Finance ➔ Taxes ➔ United States
Well, are u married? if you are then you can file either married or separate, but once u file joint it costs to go to separate, so u could just stick with to a 1040 ez but ur best bet is to ask a accountant or ask the irs. I think u can go to irs.gov for that answer
good luck
2006-10-20 19:44:45 · answer #1 · answered by Z 1 · 0⤊ 1⤋
You are referring to the Form W-4 which determines how much withholding that your employer will take out of your check each pay period. If you are married you should use married and follow the instructions to determine the number of allowances you are authorized.
Now at the end of the year you will determine your filing status to file your tax return. If you are married and living with your spouse you have two legal choices, Married filing Jointly and Married filing Separate. The later is normally not advisable as you will lose out on a number of benefits. If you are married and have not lived with your spouse for the last six months of the year or more you can file as single or Head of Household (if you have children living with you). The help of a tax professional to file your return may be advisable if you do not understand all of this tax stuff and it may save you money in the long run.
2006-10-21 12:06:19 · answer #2 · answered by ? 6 · 1⤊ 0⤋
If you are trying to determine the number of exemptions to claim on your W-4, the first link below is a calculator from the IRS. If you are trying to estimate your tax liability, the second link is the 2006 Federal Tax Rate Schedules.
As for filling status, if you are married, your choices are Married Filing Jointly or Married Filing Separately. Separated is not a filing status.
2006-10-21 19:53:55 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
TAX tables are in 1040 instructions at irs.gov so you can compute tax rate amounts based on income for tax period.
Wage deductions are found in Circular E for all employee deductions for WH tax on Income, Wages, Social Security, Medicare, etc. to reconcile to your Employer's figures.
2006-10-21 11:59:52 · answer #4 · answered by Bryant 1 · 0⤊ 0⤋
Ask the bookkeeper to explain the various headings. If you are married then you have two choices. If you are single then you have only one choice. Make sure you chose wisely as putting down married if you are not is a criminal offense, yaddah.
2006-10-23 11:03:05 · answer #5 · answered by acmeraven 7 · 0⤊ 0⤋
irs.gov
2006-10-21 02:42:07 · answer #6 · answered by Anonymous · 0⤊ 1⤋