okay this is the deal. I collected unemployment for about 6 months got that w2 form. then i started working at a retail store only making 7 an hr working 6 hrs a day 6 days a week and it only shows 100$ were taking from fed taxes. and at the same time i worked part time at target making 8 $ an hr workig 15 hrs a week for a little over a month in a half and on that w2 form it shows only .07 wee taking out from fed and I think 0 taking from state on both target and the other retail job. then in sep I quit both jobs and started working at mu current job making 10 $ working 40 hrs a week and on that w2 form it has 0 tooken from fed and state.why? I'm married but only claiming yself and I have a daughter my husband been in jail for the past year so were not exactly together. and also at my current job they had me claiming 5 on my w2 form which was a mistake. So my question is will I owe back taxes? I usually get a pretty good refund back like 2800. pleaase help. sorry so long..
2007-02-06 11:25:57 · 5 answers · asked by juicy 3 in Business & Finance ➔ Taxes ➔ United States
Congrats on the better work. You've done good for yourself.
The only problem you have is whether you've had enough taken out in taxes, and that depends on how you file.
If you think you can get your hubby to cooperate, you should file a joint return. That's going to get you the most. Tell him it would be a Christmas present to the daughter and promise to buy her something nice with the $$.
If he's a dirtbag and won't do it, let him rot. Your second option is to file as "head of household". Normally, this would be illegal since you have to be legally seperated for this status. But if your husband was in jail for the last 6 months of the year (or longer), then you can claim "head of household" as an abandoned spouse.
This would be your second best choice because you can enjoy a higher standard deduction and you can still get all the credits: child tax credit, additional child tax credit, EIC and child care credit.
Filing "married seperate" would be an unmitigated disaster. Avoid it at all costs.
If you end up with the second or third choice, do yourself a favor and kick this guy to the curb. Divorce the bastard.
2007-02-06 11:36:04 · answer #1 · answered by Anonymous · 0⤊ 1⤋
To answer your question, you will probably not owe any "back taxes". The withholding from your unemployment checks and work checks are reflecting the fact that your expected yearly income will be below the level requiring payment of federal income tax. Considering the standard deduction and dependent deduction, you should get a refund of most if not all of the taxes you have paid. Also, you may also be eligible for the earned income credit, which actually returns more than you paid. Check the irs free service allowing you to prepare your tax return, and e-file- link below.
2007-02-06 11:37:36 · answer #2 · answered by oakhill 6 · 0⤊ 0⤋
well, since you had not taxes taken out, you will have to calculate your return as such, which may (depending on total income, EIC etc) cause you to pay, or get only a small refund this year.
If you are married and have a child, you should not claim more than 3 deductions on your withholding forms. Also, when you make a lower wage, the less likely you are to have taxes withheld especially at a higher withholding number, as you do not hit the minimum dollar figure for taxes to take effect.
Good Luck, and I hope you don't have much to pay.
2007-02-06 11:31:53 · answer #3 · answered by Jen 5 · 0⤊ 1⤋
No one is audited merely because they amend. A person who amends is audited only if either (a) they would have been audited anyway, or (b) the information that they provide when they amend is such that it would have caused an audit if they had used that information originally. Statistically, amending does not increase the risk of an audit. If they both filed head of household using the same address as each other, then they are more likely to be audited if they do NOT amend and LESS likely to be audited if they do amend from HOH to whatever they should have been. If they lived at different addresses and were the heads of their respective households, each of which included at least one other person, then there is no problem. If there is a reason to amend, then amend; if there is not a reason to amend, then do not amend.
2016-03-29 08:35:00 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Without knowing your entire tax situation (total earnings, deductions, etc.) I can't say with certainty, but it sure sounds like you will owe. Even if your company had made a mistake in entering your W-4 information, you are still responsible to make sure all appropriate taxes are being taken out.
2007-02-06 11:34:37 · answer #5 · answered by Brian G 6 · 1⤊ 1⤋