Gee, I can't wait to do my taxes! :-) What? Am I weird. I know we are not supposed to get back money every year, as the government should'nt be controlling that money, WE should. However, with the two jobs that I was working not taking out taxes when I was paid, we thought it best to cut our claiming allowances on DH's checks to cover what we might have to pay from the two jobs. Well the good news is, at the one job I did not even make enough to have to claim it!!! Yeah! And the other job is not going to be that hefty either, so I told DH to go ahead and raise our exemptions to 3 from 1 and hopefully we will see it on this coming check! Yeah! We won't take that big of a hit! As I always say..... it's the little things!
Here is an
Good news on the tax front
January 14th, 2007 at 08:46 pm
January 14th, 2007 at 08:58 pm 1168808316
For example using the information from below: If you are single and held two jobs making a combined total of $8,450 or more in taxable income you are required to file a return and required to report all income from both jobs. If you are required to file a return, you are also required to report all taxable income. Income from a job lower than these limits is not allowed to go unreported if your total income from all sources exceeds them.
Here are the gross income levels for required filing:
Single $8450
over 65 $9700
Head of Household $10,850
over 65 $12,100
Married Filing Jointly $16,900
one spouse over 65 $17,900
both over 65 $18,900
Married Filing Separately $3,300
Qualifying Widow(er) $13,600
over 65 $14,600
Source(s):
IRS Pub 501
[url]http://www.irs.gov/pub/irs-pdf/p501.pdf
January 15th, 2007 at 01:29 am 1168824556
January 15th, 2007 at 02:07 pm 1168870060