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Archive for July 12th, 2010

How will my loss of income affect the child support I receive?

July 12, 2010 By: admin Category: General

When filing for child support, I had an income to report in the case. I just began receiving child support checks, but I no longer have an income.

Do I need to report the fact that I no longer have an income? Will that have an affect on the case, or change the amount I receive?

What is the Amount of Income Required To File a Tax Return?

July 12, 2010 By: admin Category: General

Hi,

(1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual.

(2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ?

(3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ?

(4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state & Social security taxes ?

(5) If the filing requirement amount was say $10,000.00, is that amount after the standard deduction of $3600.00 for an individual or how does it work ?

I would really appreciate all the help.

Thank You.

When filing income taxes, what to do if the loss is greater then the total annual income?

July 12, 2010 By: admin Category: General

Can you still write off the loss, if it exceeds the total annual income?

What percentage of your income should you spend on a mortgage? I dont want to overextend my budget?

July 12, 2010 By: admin Category: General

Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 250k house??? I dont want to be in their position where 90% of their income goes to mortgage, without having any savings on hand. what is a proper mortgage payment/income ratio?