what about tax?

1 ⤊

I am cashing a cashier's check USA I am sure that will show up on my income.

2007-10-31 18:18:32 · 2 answers · asked by jeannie10210 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

If you want to be safe about having enough money available to pay your tax bill, always personally withhold 30% of any income you receive (that wasn't subject to tax withholding) and tuck it away in a savings account.

You may owe slightly more or less, but it's better than being completely unprepared when April rolls around.

2007-10-31 19:35:50 · answer #1 · answered by Geekman 2 · 0⤊ 0⤋

Whether it's taxable depends on what you got the cashier's check for.

2007-11-01 02:02:22 · answer #2 · answered by Judy 7 · 1⤊ 0⤋