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Do they take out more taxes if you claim 3 or 4 on your W4?
The lower the number claimed, the more taxes are withheld. They will take out more if you claim 3 then if you claim 4.
I have an IRS lien on my refund for student loan debt and am married. Should we file married filing separate to save my wife's return from garnishment?
That's not necessary, but it could make things easier depending on your situation. There are some things you couldn't claim on your return using the married filing separate (MFS) filing status. If you don't have any children and you don't have any credits that would be affected by the MFS status, then it would probably be easier to file separately. If you do have children or credits you'd be missing out on and want to file joint, then you can do that and the non-debtor can file the form 8379 Injured Spouse Allocation. This form allows the non-debtor to show what portion of the income on the return is theirs and that percentage of the refund will also be hers and not eligible for your debts. They may take the entire refund even if you submit the form with the return, but just send it in again in response to the notice or go down to your local IRS office. This will split the refund according to her income percentage. It doesn't matter who paid more tax, just who has what percentage of income in determining the injured spouse claim. For example, let's pretend that you make $25,000 and only have $1,000 withheld for federal taxes. Let's pretend that your spouse also makes $25,000 and has $1,600 withheld for federal taxes. Then let's say that you file jointly and since you have a kid, your net tax liability is only $800, so you're claiming a refund of $1,800. The injured spouse claim would be for 50% of the refund ($800) because each of you has 50% of the income on the joint tax return. It can be the more favorable option if MFS would disallow you from claiming certain credits. If either decides to adjust their withholding down, remember to make sure you're having enough withheld to cover your taxes if you don't want to owe at the end of the year.
Is the surviving spouse responsible for deceased spouse's federal income tax?
I take it that the two of you filed separate returns and kept your funds separate. You are probably not responsible for your deceased spouse's federal income tax. However, your deceased spouse's estate is responsible for his or her federal income tax. That is if there is enough money in the estate to pay the taxes. Otherwise, you may need a good tax lawyer.
Can you claim rent on taxes as a student?
No. But your father and mother get taxes for having to take care of you so there is an advantage.
Do less taxes get taken out of your pay check if you claim married?
Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.
How can you stop child support from taking your fed taxes?
If your Spouse is Injured or you are You may Qualify for a Injured Spouse File through Your Tax return, Then You cant get your money taken. H&R Block just did it for me and My Wife . They cannot touch our refund Cause my Wife is Injured for the rest of her life so By filing Injured spouse that is stating She needs all the money due to her Injury. Call H&R Block they will confirm it. Im Behind a little on Support and We filed Injured Spouse and They didnt take a single dime..Atleast Im Using some of the refund to catch up though.... **SEE BELOW** "Injured spouse" does not refer to a disability. The spouse is "injured" when a Federal income tax refund is intercepted due to a debt owed by the other joint filer. The injured spouse can get his/her part of the refund back.
Does injured spouse claim hold up federal refund?
We filed 3/18/13 and today is May 23rd. As of yet no return so I would say yes. Was told it could take up to 16 weeks to process the return.
Why would they only take part of a federal refund but take the state refund as well for back child support?
Was an Injured Spouse form filed?
What happens if you have a state garnishment from you job that you are paying and you file your taxes Do the just take the state taxes or do they take your federal taxes if you are in a poverty level?
It depends on what is owed. For instance if you owe back child support they will take what is owed in arrears out of your federal return. This can also happen with a government school loan that is in default and other government debts. However, if you are married filing jointly then there is a form the spouse can file with your tax return that allows the spouse to receive his or her portion of the refund. It is called an injured spouse claim.
Can you delay your social security benefits and take your ex-husbands instead?
You have no claim on your former spouse's SS benefits.
How long does it take for auto insurance copanies to pay loss wage claim?
how long does it take for an insurance company to pay a loss wage claim
How long does it take to claim the sss salary loan check from company?
how long does it claim for salary loan sss
In the UK how long is the wait before a divorce can take place if the spouse refuses to sign the divorce petition?
how long is the wait before a divorce take place if the spouse refuses to sign the divorce petition
How long does it take for US citizen spouse to get green card?
Ten years
Can a spouse get paid if they need to take work off to care for injured person who is rec'ing workers comp?
The spouse can only be paid if they have vacation or other paid time off granted by their employer. Otherwise, the spouse is only entitled to 12 unpaid weeks of time off under the FMLA.
How long before you get your money after you file a claim?
How long it will take before you get your money after you file a claim depends on the type of claim you are filing. It could take a few days to a few months before you actually see any money.
How long does it take to reopen NJ unemployment claim?
1day
