W-2 posted for Federal employees
01-10-2008, 02:43 PM
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W-2 posted for Federal employees
People! WEll federal people w-2s are posted on the nfc website! I have already done both my state and federal. Cant wait to get my return son!!!! SOrry for those of you who owe!
01-10-2008, 03:00 PM
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Originally Posted by 2004Black350z
Yea being 20 with no kids and single umm= 12K dollars taken by taxes
01-10-2008, 03:03 PM
#5
Most people who work for a federal department make enough money to owe taxes GS-1 thru GS-4 likely not. Rest rest of us owe. Some over pay their bill and get change back, others underpay it in advance and write the check at the end of the year ... but owing is just the same.
I have my two largest W2's and I've paid more than a 2008 Track Edition worth of taxes so far ... and still have one more W2 to add to the count. Have a look at your leave and earning statement and see what you pay in taxes and Medicare.
I have my two largest W2's and I've paid more than a 2008 Track Edition worth of taxes so far ... and still have one more W2 to add to the count. Have a look at your leave and earning statement and see what you pay in taxes and Medicare.
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01-10-2008, 04:21 PM
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For a future reference, it is financially wiser to owe taxes or break even than it is to receive a refund.
The last thing you want to do, is to lend uncle Sam your money interest free throughout the year.
And if you are really wise, you can avoid paying taxes altogether.
I'm humbled by what many members of this very forum have pay in taxes.
That being said, here is my list of taxes as a reference point:
- Federal Tax
- Social Security Tax
- Medicare Tax
- California State Income Tax
- California SUI/SDI Tax
- Property Tax
Not including any Capital Gains tax, Disqualifying Dispositions, Imputed Income, etc...
The last thing you want to do, is to lend uncle Sam your money interest free throughout the year.
And if you are really wise, you can avoid paying taxes altogether.
I'm humbled by what many members of this very forum have pay in taxes.
That being said, here is my list of taxes as a reference point:
- Federal Tax
- Social Security Tax
- Medicare Tax
- California State Income Tax
- California SUI/SDI Tax
- Property Tax
Not including any Capital Gains tax, Disqualifying Dispositions, Imputed Income, etc...
Last edited by dewuser; 01-10-2008 at 11:52 PM.
01-10-2008, 05:13 PM
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Im think I might get boned this year in taxes. I sold an investment property and made 13k on it and haven't paid a dime in taxes on it yet 
I need deductions like a *****!
I need deductions like a *****!
01-10-2008, 05:26 PM
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Originally Posted by dutchboy350Z
Can't wait to do my Taxes!!! Getting bukoo back thanks to mortgage interest, local taxes, real estate taxes ... the list goes on in deductions.
Same here
Don't forget the kids too
Stoptech BBK for me this year(from the Wife
)My tax return is going to clear some debt.
I think I should be looking at $8k hopefully on my return.
Last edited by Glex25; 01-10-2008 at 05:30 PM.
01-10-2008, 05:36 PM
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Originally Posted by dewuser
For a future reference, it is financially wiser to owe taxes or break even than it is to receive a refund.
The last thing you want to do, is to lend uncle Sam your money interest free throughout the year.
And if you are really wise, you can avoid paying taxes altogether.
The last thing you want to do, is to lend uncle Sam your money interest free throughout the year.
And if you are really wise, you can avoid paying taxes altogether.
01-11-2008, 04:52 AM
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Not sure what my tax landscape is looking like this year: I was a student for the first 8 months of the year, but also worked since June making decent money. Guess we will see in a few weeks! But yeah, nothing beat the tax returns as a college student 
01-11-2008, 06:42 AM
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Originally Posted by KManZ
Not sure what my tax landscape is looking like this year: I was a student for the first 8 months of the year, but also worked since June making decent money. Guess we will see in a few weeks! But yeah, nothing beat the tax returns as a college student