I make about 50,000 a year. I will start paying back student loans toward the end of the year. Where can I go to find a place that will give me a good estimate on how much I would actually be paying in taxes next year. My husband and I would be filing jointly since he has no income for the year. I am trying to figure out the best way to fill out my W4 so that I can at least break even when it comes to tax time. Any help in the matter or a website that would give me the calculators or something would be greatly appreciated.
2007-05-10 19:56:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
That's my man, you tell them Bostonianinmo, we have enough of those people running loose, much less here on Answers! !
2007-05-14 09:50:47 · answer #1 · answered by musicman 5 · 0⤊ 0⤋
Please ignore the IDIOT above me.
Just download the Form W-4 package from the IRS website. Fill it in using the worksheets on page 2 to account for any deductions and other income you may have. This will help you come up with the correct amount of withholdings for the year.
Again, please ignore the MORON at the top of the page!
2007-05-11 04:42:23 · answer #2 · answered by Bostonian In MO 7 · 3⤊ 1⤋
First both of you need to change your W4 at work to "exempt" so no taxes will be taken out of YOUR income. Next never file a 1040 again...it is unconstitutional in more ways than one.
Watch Aaron Russo's "America: Freedom to Fascism" and get educated about the reality of the unconstitutional income tax...and stop helping the government rip you off!
http://www.youtube.com/watch?v=zsZO6G7dfpI
Don't worry you will still be a tax paying American because you already pay Gas taxes, Road taxes, Sales taxes, License fees, Telephone taxes and a plethora of other Taxes.
2007-05-11 03:28:44 · answer #3 · answered by Perry L 5 · 0⤊ 5⤋