| Author |
Message |
 Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
 Forum: Taxes Posted:
Wed Jun 04, 2008 10:14 pm Subject: Need help with tax deductions from paycheck |
| Im just trying to find the right number. Hopefully, the 10 withholding allowances and not maxing out on my 457 with only 8k off my total of around 90k this year will still land me a small return and m ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Wed Jun 04, 2008 7:15 pm Subject: Need help with tax deductions from paycheck |
Maybe Im confused. If I go from 5 to 10 they take less out on taxes and I get more net pay correct?
That's a relatively high amount of deductions by percentage of income - this is why it' ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Wed Jun 04, 2008 5:52 pm Subject: Need help with tax deductions from paycheck |
| My deductions were around 35000 off my gross of 97000. I am a firefighter so I can also right off,meals, mag subscriptions,cell phone,turnout gear etc. Anyway I maxed out my 457 w/ 15000 also. Now thi ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Wed Jun 04, 2008 4:41 pm Subject: Need help with tax deductions from paycheck |
| I agree with you. But I know that if the money is there I will spend it. So I just get a return. But now Im changing my mind. SO my w4 was at 5 dependents now I put it to 10 so I will get more on my ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Tue Jun 03, 2008 7:18 pm Subject: Need help with tax deductions from paycheck |
| The 13k was my refund. Right now on my paycheck I claim federal married 5 and state single 0. Its just on my paycheck. In a perfect world I would like around 4-6k back and more money in my pocket duri ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Tue Jun 03, 2008 4:44 pm Subject: Need help with tax deductions from paycheck |
| The $13000 is my return. Federal/State. I did fill out the W-4 and it said 10 dependants on my check. I just thought that lowering my 457 contributions from max of 15000 to 8000 would have an impact o ... |
| Topic: Need help with tax deductions from paycheck |
nyyankee
Replies: 25
Views: 66962
|
Forum: Taxes Posted:
Sun Jun 01, 2008 9:14 pm Subject: Need help with tax deductions from paycheck |
| I get around $13,000 tax return every year. Thats with maxing out my 457 with $15,000 and claiming married 5,single 0 on my paycheck. I just lowered my 457 to around $5000 for the year and would like ... |
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