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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?

What annual income is needed to buy a $325,000 house?

July 12, 2010 By: admin Category: General

I am planning to purchase my first home in the next 6 months. Just wondering what is the average yearly income requirements are for a mortgage loan of this amount? My annual income is just over $90,000 will I qualify?

How much Income do I need to have in order for me to be considered a financially independent person?

July 12, 2010 By: admin Category: General

How much Income do I need to have in order for me to be considered a financially independent person?
I am over 18, and I need to be financially independent, how much income do I need to earn?

What are all the Income tax deductions in a Payroll from Philadelphia PA?

July 12, 2010 By: admin Category: General

My husband is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $88.04. I did know about Federal Income tax and PA income tax but this Philadelphia taxes I never herd of them and the withold amount is almost 3 times higher than the PA one. So he is only receiving $ $344.28 this payroll. Is this right?

What proportion of your income should be spent on car payments ?

July 12, 2010 By: admin Category: General

I was wondering what proportion of your income should be spent on car payments. If you should only spend no more than 25% and of your income on rent to be safe financially, I am assuming that no more than 10% of your income should be spent on car payments. Is this a good estimate of how much money I should spend on my next new car yearly?

How much income is needed to be able to file income tax in IL?

July 12, 2010 By: admin Category: General

I made close to $4,000 last year and I have two dependents and I was wondering is it enough to file income tax and if so, what is the estimated amount I may get back? Thanks.

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what is the income you have to be below in order not to file taxes?

July 12, 2010 By: admin Category: General

my mom gets her social security check plus 2 others. her and my dad never had to file income taxes cause their income was too low. i just need to reck hers and make sure she doesnt need to file income tax. my dad died last year.