On my husband's check, there is no federal withholding being taken out. The top of the check says 'Allowances/extra' and under that it is 'Fed-1/0/CO-1/0'. Can you tell me what this means and what problems I am facing? We live in Colorado. I also work and make $1918.08 a month after taxes and insurance. Do you think this is going to be a problem?

March 21st, 2023

I am a full-time student who made $19,000 last year. I am filing as an independent and claimed 6 last year. My father is claiming me as a dependent, and there was about $200 taken out in taxes. I paid about $3,000 for schooling. Will I be getting money back or owe money?

June 21st, 2023

As a 1099 contractor, does each employee owe social security and medicare at the end of the year, and how does this compare to the taxes paid by an employee on payroll? What are the tax implications for both the employee and the employer in Texas for an employee earning $9,000 a year?

July 8th, 2024

My husband works for a tech company in Northern Virginia, and we live in New Jersey. We do not want to relocate to Virginia. If my husband rents an apartment in Northern Virginia, what tax implications would we face?

August 27th, 2023

When opening an online offshore account in Dubai, what percent of taxes do you pay before you can do wire transfers out of that account?

October 28th, 2024