I worked the other seven months.I have 2 children & claim hoh.I usually get a good size return.Will they take a lot back for the taxes I did not pay on 8,400.00 ??
2007-01-16 06:27:34 · 13 answers · asked by Michelle L 1 in Business & Finance ➔ Taxes ➔ United States
yes, now you will have to pay the unemployment taxes, you should of had taxes taken out, but if you worked the rest of the year, you should still have a return and not have to pay in.
2007-01-16 06:31:23 · answer #1 · answered by ~~kelly~~ 6 · 0⤊ 2⤋
You mean "a good size refund." You should not be overly concerned based on the details you offer. The modest unemployment income you received over 20 weeks will not make a huge difference in your refund provided you had some withholding with your regular job.
Very few have anything withheld from the meager unemployment checks in the U.S. I completely disagree with Carl, your family was better off not paying the taxes. That extra cash was important to your family and interest free.
2007-01-16 06:38:55 · answer #2 · answered by Blu 3 · 1⤊ 1⤋
This is combined will be combined with your other income you earned to determine your total tax for the year. If there is enough tax withheld from your other income or if you qualify for certain credits or deductions then you may not owe when you file your tax return. Laura H – H&R Block – Senior Tax Advisor 5 **This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
2016-05-25 01:46:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Did you pay any taxes in?
There is actually something called a "sweet spot" on income taxes. If you paid in just a little over 11,000. then you may have hit that sweet spot. However, if you did not pay ANYTHING in on your taxes through out the year, I'm not really sure if you can expect a tax return.
2007-01-16 06:31:54 · answer #4 · answered by †♥mslamom♥† 3 · 0⤊ 0⤋
You should have had the taxes taken out at the time you received your unemployment checks. They tax you for Federal taxes on unemployment. And now you'll have to pay it.
2007-01-16 06:38:15 · answer #5 · answered by Vinegar Taster 7 · 0⤊ 0⤋
Depends on your income, but I'm guessing with 2 dependants you should still get a return. My husband didn't pay taxes on any of his unemployment and he has collected the entire year. We still get a small return.
2007-01-16 06:32:33 · answer #6 · answered by love2shop 3 · 0⤊ 0⤋
Yes you will owe taxes if they did not take any out. When signing up you have the option for them to take the taxes out before receiving your check. If you did not take this option you will probaly owe $. It will come down to the number of dependents and if you are a single working parent.
2007-01-16 06:32:02 · answer #7 · answered by byron_oneil 3 · 0⤊ 0⤋
Yes, you have to pay taxes on that, so it will cut substantially into your refund. The amount of taxes will depend on your bracket. If you're in the 15% bracket, will be around $1260.
2007-01-16 06:39:40 · answer #8 · answered by Judy 7 · 0⤊ 0⤋
You will get the EIC so you won't have to pay that much. You will still get a pretty good size refund. You can go to the website below and they will do a free estimate for you.
2007-01-16 14:12:27 · answer #9 · answered by shaydzofluv 2 · 0⤊ 0⤋
well figure out what the tax would be on 8400. and that what they will take back.
BUT... r u sure that they didn't deduct it from u? my husband gets it every yr and they always take taxes off before they send him any money....I'd double check if i were u.
2007-01-16 06:32:30 · answer #10 · answered by laydenirvine 4 · 0⤊ 0⤋