Archive for the "Taxes" Category

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TAXES – I own a home which is rented out. How can I get the biggest tax break?

Question by Baboo: TAXES – I own a home which is rented out. How can I get the biggest tax break?
My mortgage is 50 per month and taxes are 00 per year. I rent the house out for 75 per month at a loss every month. BUT… If I file taxes reporting the [...]

What taxes does the state of Illinois take out of you paycheck?

Question by HereAndNow: What taxes does the state of Illinois take out of you paycheck?
What taxes does the State of Illinois take out of your paycheck and why? And how much does each tax (percentage wise) take from your paycheck? (Example: Medicare 2% of total earnings, etc.)
Best answer:
Answer by glamour04111federal, state, social security, [...]

How much in taxes should I hold for cashed capital gains?

Question by Swank: How much in taxes should I hold for cashed capital gains?
Had to cash out capital gains fund, about 22k. My question is, how much should I set aside for taxes?
I live in TN, where there is no income tax, but they do tax dividends.
Wanting to know before it’s too late.
Thank you.
There [...]

How do i ammend my taxes for hope credit?

Question by lacylynn420: How do i ammend my taxes for hope credit?
I filed my taxes for 2007 already. I just recently found out i am eligible for the hope credit so i wanted to ammend my taxes. How do i do that. What form do i use. Is it easy or [...]

How do i ammend my taxes for hope credit?

Question by lacylynn420: How do i ammend my taxes for hope credit?
I filed my taxes for 2007 already. I just recently found out i am eligible for the hope credit so i wanted to ammend my taxes. How do i do that. What form do i use. Is it easy or [...]

What taxes does the state of Illinois take out of you paycheck?

Question by HereAndNow: What taxes does the state of Illinois take out of you paycheck?
What taxes does the State of Illinois take out of your paycheck and why? And how much does each tax (percentage wise) take from your paycheck? (Example: Medicare 2% of total earnings, etc.)
Best answer:
Answer by glamour04111federal, state, social security, [...]

How do i ammend my taxes for hope credit?

Question by lacylynn420: How do i ammend my taxes for hope credit?
I filed my taxes for 2007 already. I just recently found out i am eligible for the hope credit so i wanted to ammend my taxes. How do i do that. What form do i use. Is it easy or [...]

What taxes does the state of Illinois take out of you paycheck?

Question by HereAndNow: What taxes does the state of Illinois take out of you paycheck?
What taxes does the State of Illinois take out of your paycheck and why? And how much does each tax (percentage wise) take from your paycheck? (Example: Medicare 2% of total earnings, etc.)
Best answer:
Answer by glamour04111federal, state, social security, [...]

How do i ammend my taxes for hope credit?

Question by lacylynn420: How do i ammend my taxes for hope credit?
I filed my taxes for 2007 already. I just recently found out i am eligible for the hope credit so i wanted to ammend my taxes. How do i do that. What form do i use. Is it easy or [...]

What would the taxes be on this years HG tv Dream home worth about 2 million in cash and prizes?

Question by Tammy S: What would the taxes be on this years HG tv Dream home worth about 2 million in cash and prizes?
Just curious if by some snowballs chance in Hades you won it, how much would you have to shell out to the government in taxes to keep it. Also, how about property [...]