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divine1966
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Default Mar 02, 2019 at 04:08 PM
  #41
People who make that little don’t pay taxes. End of story. Whatever they took out, they’ll give back to you. I don’t know how else to explain it. You made too little. People who make that little don’t pay taxes
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Default Mar 02, 2019 at 05:16 PM
  #42
The money they take out of checks for federal income tax is NOT THE ACTUAL TAX that you owe. They just take it out during the year because people were coming up short at the end of the tax year & didn't have money to pay taxes so the IRS chose to take deductions out monthly to make sure they got their money. If too much was deducted for taxes during the year the person gets a refund, if not enough, the person comes up with the rest.

Incomes under a certain amount (think $25,000) are not subject to owing taxes. You fall under that category.

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Default Mar 02, 2019 at 07:13 PM
  #43
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Originally Posted by Mountaindewed View Post
I’m sorry. I truly don’t. They were taking a lot of money out for federal taxes and then they just stopped taking it out for the lower taxes in January 2018. My check yesterday didn’t have any federal taxes taken out either. But at one time a lot of money was taken out. This is something recent.
I don't think that the zero tax is supposed to begin with your weekly pay. I'd contact whoever handles your payroll and adjust your W4s.
But you did mention an amount was listed on your W2, so something must have been withheld.
Just plug it into the free sites and put your mind at ease.
It walks you through numbered box by numbered box.
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Default Mar 02, 2019 at 07:21 PM
  #44
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Originally Posted by Nowinners View Post
Since you only work part time--I bet you don't owe. When you are single--no taxes on the first 12,000 you make then the rates are 10 or 12 percent on the money earned above $12,000 until you make over $38, 700. The people who are getting burned are the ones who itemized (had a lot of deductions--especially in high tax states because you can no longer itemize more than $10,000 a year in property/state income taxes--this will make it even harder to pay for shelter in California, NYC and Hawaii). If you made less than $20,000--it is not going to be bad for you. Ten percent of $8,000 equals an $800 tax bill. Using that knowledge, look at your last paystub for 2018 and see what your total earnings were and see if you paid 10 or 12 percent on all earnings over $12,000. Also look on your last paystub to see how much income tax has already been taken out.


Wow! You know you stuff! Pretty sure I’ll break even or possibly owe a bit.
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Default Mar 02, 2019 at 07:22 PM
  #45
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Originally Posted by eskielover View Post
It is best to just break even when it comes to taxes....not owing/ not getting refund. Giving the government your money interest free through the year to get a refund makes bad business sense. Stashing that extra even in a savings account over the years would add up & then could be transferred to a higher interest bearing account when high enough & keep putting the extra money into an almost untouchable account & you would come out much farther ahead in the long run.


I don't pay, I don't receive but when I did, my break even worked & would have worked better if my H hadn't been so financially irresponsible. I had my accounting BS degree so I usually won the battles.


We usually break even but last year we did owe for the first time... I expect we might owe a little bit again this year.
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Mountaindewed
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Default Mar 02, 2019 at 08:31 PM
  #46
I’m sorry. You guys are right. I’m getting everything back. I just get really bad anxiety when I hear stuff like this and I need constant reassurance from people multiple times even if they tell me it’s ok or I’m worrying for nothing. Sorry for being so annoying.

Plus when I mentioned it to my manager a year ago he had said I would have to pay back the taxes. But he was obviously wrong.

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Default Mar 03, 2019 at 10:22 AM
  #47
Not this year i got a little bit back. Both me and my husband are on low income right now
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Default Mar 03, 2019 at 02:48 PM
  #48
It would be ideal if I could get my income tax threshold down from 40%. The UK's taxes are appalling!

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