paying taxes instead of getting a return

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02-05-2009, 07:53 PM

phee

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paying taxes instead of getting a return

WTF?! im a student making less than 30 k a year and i have to PAY taxes back because im a dependant. has this happened to anyone else?

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02-05-2009, 07:56 PM

sho_nuff1997

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How many deductions do you claim? If you claimed zero, paying at the end of the year is not uncommon. Especially if you are a dependant.

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02-05-2009, 07:57 PM

gatrhumpy

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Become independent, and then recalculate.

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02-05-2009, 08:00 PM

deltaboxxx

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the one time kids are good to have

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02-05-2009, 08:04 PM

phile

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claim independence. problem solved.

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02-05-2009, 08:06 PM

Jonesi

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Quote:

Originally Posted by gatrhumpy

Become independent, and then recalculate.

Quote:

Originally Posted by phile

claim independence. problem solved.

I hope you guys are kidding and not giving him bad advice..

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02-05-2009, 08:07 PM

mr5parkle

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i think if you make >15k, you have to report and pay regardless of your dependency status.

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02-05-2009, 08:15 PM

phile

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Quote:

Originally Posted by Jonesi

I hope you guys are kidding and not giving him bad advice..

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02-05-2009, 08:18 PM

stogie1020

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Just don't pay taxes. Then you can get nominated for a cabinet level position.

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02-05-2009, 08:20 PM

#10

phile

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Quote:

Originally Posted by stogie1020

Just don't pay taxes. Then you can get nominated for a cabinet level position.

F that, he could even become president!

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02-05-2009, 08:21 PM

#11

phee

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haha. you guys are hilarious.

heres the situation. if i claim independent i get a nice chunk of change back. but then my parents have to PAY money.

so i have to bite the bullet. and what do you mean by claiming 0 deductions? would i have to change my I9?

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02-05-2009, 08:22 PM

#12

LIPPSTUH

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thats what i do

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02-05-2009, 08:23 PM

#13

phee

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already tried letting them claim me and then claiming independance. my return was rejected

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02-05-2009, 08:23 PM

#14

phee

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Quote:

Originally Posted by LIPPSTUH

thats what i do

wat do you do?

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02-05-2009, 08:57 PM

#15

sho_nuff1997

I disagree with unanimity

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Quote:

Originally Posted by phee

The deductions you claimed on your W4 form

I had my other post backwards.....If you claim 0--they take more out of your check and you get a bigger refund.

Make less money if you want to pay less taxes.

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02-05-2009, 09:03 PM

#16

kabota

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You have to pay taxes either way. Whether you pay it out of your check or the end of the year. I am a college co-op and make a pretty decent check. I claim 0 on my W4, and they take a chunk out of my check, but I always get some back. Either way you gotta pay.

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02-05-2009, 09:05 PM

#17

phee

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i understand that i am paying. but i just thought my check witholding would have covered my taxes and it didnt. thats all. i forgot to claim my tuition. so now im out of the red

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02-06-2009, 10:16 AM

#18

NSXNEXT

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You need to run the deduction worksheet to figure out how much $$$ they need to take out. Since you cannot claim yourself and probably have no other deductions, you're gonna get hit hard if you don't have money taken out each paycheck.