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My mom is carrying me in january, when its time to do taxs?? should they be taking all that tax out my check ?

2007-12-26 04:18:52 · 9 answers · asked by ButtErFLy4'7 3 in Business & Finance Taxes United States

im not complainng my mom is .

2007-12-26 04:27:48 · update #1

9 answers

Depends on how big your check is and how often you are paid, and you don't say that, but it does sound like a lot. Please post again showing the numbers from your check stub - your gross pay, and each deduction and what it's for, and somebody can give you more info.

2007-12-26 04:31:01 · answer #1 · answered by Judy 7 · 0 1

depends on how much you make - the only tax that is possibly refundable is federal income tax - FICA (Social Security & Medicare) and state and local income taxes - everyone pays and you most likely (99+%) can't get any of those abck - I'm thinking the $200 includes all those taxes. If your mother claims you on her tax return, then chances are you need to be having the federal income tax deducted - for 2008, make sure your W-4 says single and 0 exemptions to make sure you get enough taxes deducted, so you won't have to pay anything out of pocket at tax time. How do you work full time when you're still in high school?

2007-12-26 05:14:18 · answer #2 · answered by Anonymous · 0 1

Since you will be claimed by your mother, you do not have your own personal exemption to reduce your taxes. Your employer is probably taking out the correct amount of taxes, based on zero exemptions.

If your income is only from your job, then you will pay taxes on your income in excess of $5,350. You will file your own return but claim zero exemptions.

Even though you are 18, your pay is also subject to Social Security and Medicare tax of 7.65%, which will not be refunded to you. There are also state taxes, and unemployment taxes, taken from your pay.

When you file your own tax return, you may see a refund if the withholding has been too high.

2007-12-26 06:17:21 · answer #3 · answered by ninasgramma 7 · 0 1

Your income is below the threshhold for having Federal Income Taxes withheld. Don't sweat that part. Although I agree with Becky that it would be better to get the name thing cleared up, I can tell you as a former IRS employee that your "account" has absolutely NOTHING to do with your name. Your records are kept according to your Taxpayer Identification Number {SSN for most folks}. So as long as your SSN is correct on your paystub it should be correct on the W-2 as well. And as long as that is the same SSN you will be using on a tax return then everything should be "hunky-dory". G'Luck... Mike Womack, Sr. Partner Zero Degrees Tax LLP Moore, OK Lawton, OK

2016-05-26 07:33:05 · answer #4 · answered by kendra 3 · 0 0

You can go to irs.gov and use their online tools to get a general idea of how much of a refund (if any) to expect. You might not have filed for enough exemptions from withholding; if you get a large refund you might want to resubmit your W4's so that they will deduct less from each check. Your overall tax liability remains the same--- you pay the same total tax no matter what your withholding is--- but you get less of a refund at the end of the year and you get less taken from each check.

2007-12-26 04:30:18 · answer #5 · answered by dcgirl 7 · 0 1

Yes hey can withhold the money but as long as you keep being a student full time when you file you income tax return you will get it back consider it a bonus later on

2007-12-26 04:29:42 · answer #6 · answered by ~*Azul*~ 2 · 0 1

Get used to it dear...this is going to be a norm for the rest of your working life. If she is claiming you and you have been employed in the last year she isn't going to get much back. Best that you both talk to a tax expert and ask if it would be better for you to file yourself this year.

2007-12-26 04:28:34 · answer #7 · answered by kiss_of_angel_20 4 · 0 1

If all you had were wages and you made less than $5350, you will get the $200 of federal income tax withheld back when you file.

2007-12-26 04:23:46 · answer #8 · answered by Anonymous · 0 1

If you work, they are going to withhold. When you file your income tax return, you will get back any overwithholding.

2007-12-26 04:22:56 · answer #9 · answered by Anonymous · 0 1

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