0
If you are working and your income is reported on a 1099 can the bank still garnish your wages?
Wiki User
∙ 8y ago
Not likely, unless you get a REFUND. Or stay in one place tooo long.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Do you need to pay income tax on interest earned on fix deposit even tds deducted by bank already?
Yes all interest income is reported on the income tax return. tds (Tax Deducted at Source). At present NO interest income is exempted from tax .On the federal 1040 income tax return you do have some types of interest that is exempt from income tax but the amount still has to be reported on the 1040 federal income tax return..
If Still working at 65 do you still pay fica taxes?
Sure you do still pay your share of the FICA (social security and medicare) (OASDI) taxes on your earned income as long as you are providing your services to earn the income and are still breathing.
You had 2 jobs and one fired you can you collect unemployment if you keep your other job?
No. You still have a source of income from the 2nd job. The purpose of UI is to provide a pittance income while you not working and seeking employment. Since you are still working, you are not eligible for UI.
If a deferrment on a student loan has been done will IRS still garnish?
if a deferrment has been done on a student loan wll IRS still garnish refund.
Can edfund still take your federal income tax return after you have already agreed on a payment plan and have been paying on time for the last 7 months?
Yes, if you are on a rehabilitation program and you have not yet completed the program, or if you messed up a payment (too early or too late), they can still garnish your income taxes since it is not 'technically' rehabilitated (therefore it is still in default).
Is the reportable amount of 1099 income still 600.00 for 2009?
No.. The amount you have to report now is 2400.00 for 2009. Anything over that amount must be reported.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
How can a family include working adults but still have an income below the poverty threshold?
If the working adults are poorly paid, or only work part-time, that can easily happen.
Do you have to pay federal income tax on widow benefits if 66 years old and still working?
Yes, widow benefits are subject to federal income tax if your total income exceeds a certain threshold. The fact that you are still working at 66 years old does not exempt your widow benefits from being taxed. You may need to consult with a tax professional to determine how much of your benefits are taxable.
If you had no income in 2009 but still made your mortgage payments can you file taxes for the interest you paid?
If you did not have any worldwide gross income to be reported on your 1040 federal income tax return you would not have any adjusted gross income on line 38 to deduct the schedule A itemized deductions of the 1040 tax form from on your 1040 tax form.
Is social security still withheld from a paycheck at age 65?
Yes it would be the same if you were working at age 100 and earned income from providing your services. You would still be required to pay the social security and medicare taxes on the earned income.
Do you have to pay social security tax on income earned after age 67?
Yes, you still have to pay Social Security tax on income earned after age 67, as long as you are still working. There is no age limit for paying into Social Security through payroll taxes.
