Taxes

[sfreeman8]

I agree with Gizmo42...there's no need to change your status on your work papers. I always claimed 0 on my papers. They take more out during the year but at least it's less to worry about at tax time. Usually can get a refund for overpaying during the year.

Tax people say to make sure you claim at least 1 on your employee forms but that's asking for trouble in my opinion. They look at it as why allow the government to use your money all year but there's a lot of 'what ifs' and changes that can take place during the year that could mess you up and you'd have to owe.

[bigedshult]

I have not got them done yet.

[gizmo42]

I agree with Gizmo42...there's no need to change your status on your work papers. I always claimed 0 on my papers. They take more out during the year but at least it's less to worry about at tax time. Usually can get a refund for overpaying during the year.

Tax people say to make sure you claim at least 1 on your employee forms but that's asking for trouble in my opinion. They look at it as why allow the government to use your money all year but there's a lot of 'what ifs' and changes that can take place during the year that could mess you up and you'd have to owe.

I would like to thank you for agreeing with me.

[BATISTAGIRL663]

it seems they can get you either way you turn--i enjoy my big refund every year myself

[gizmo42]

it seems they can get you either way you turn--i enjoy my big refund every year myself

Who doesn't

[heypeg]

I haven't even done my taxes yet, I probably owe

[gizmo42]

Why do people wait until the last min to do there taxes

[lvstephanie]

I agree with Gizmo42...there's no need to change your status on your work papers. I always claimed 0 on my papers. They take more out during the year but at least it's less to worry about at tax time. Usually can get a refund for overpaying during the year.

Tax people say to make sure you claim at least 1 on your employee forms but that's asking for trouble in my opinion. They look at it as why allow the government to use your money all year but there's a lot of 'what ifs' and changes that can take place during the year that could mess you up and you'd have to owe.

I would rather have them take out less during the year and allow my money to grow (in interest / dividends) than to give it to the government to use for free during the year. It may mean that I don't get a large refund and might have to pay, but in the long run I'll have more money in my pockets.

And because I usually end up having to pay a little at tax time, I wait until the last minute so that that money can have a couple more months to grow. This year because my side-business didn't have much income, I may have a larger refund than other years, so I'll probably start to do them sooner.

[hensleyll]

having it hard enough cant afford to change anything

[hawkeye3210]

having it hard enough cant afford to change anything

Changing it would help since you would have less withheld from your checks, which means more money in your pockets now.

[hawkeye3210]

I agree with Gizmo42...there's no need to change your status on your work papers. I always claimed 0 on my papers. They take more out during the year but at least it's less to worry about at tax time. Usually can get a refund for overpaying during the year.

Tax people say to make sure you claim at least 1 on your employee forms but that's asking for trouble in my opinion. They look at it as why allow the government to use your money all year but there's a lot of 'what ifs' and changes that can take place during the year that could mess you up and you'd have to owe.

Really the only theoretical what-ifs and changes during the year are having income from some other source, which should allow you to easily pay any taxes due since you do in fact have a lot more money at your disposal. If you make more at your job, your going to have more withheld.

[hensleyll]

its alot to think about isnt it,what about medicare will it still get paid

[lynntree]

i don't do tax i can't  but i would use h&r block.

[gizmo42]

i don't do tax i can't  but i would use h&r block.

Why cant you do your own taxes. I have used H&R Block in the past and found out that they are too expensive. I use nothing but Turbo TAX NOW

[hensleyll]

i tried one time and lost my money and my sons never did get it back