What does "federal owed" mean when filing taxes?
I just finished doing my tax returns for last year & I saw that when I finished putting in all my W2 information that my "Federal Owed" was $428. I made about $17,000 last year. Does this mean I will not receive a tax return for this year? I was expecting to owe because of my number of dependents but I was hoping the amount owed would be taken out of my tax return. My state return was about $800. What does "Federal Owed" mean? & does this mean I will not receive a refund?
If I still owe money on my car, can I move out of state with it?
I live in ohio, and am currently trying to move to Oregon to be with my girlfriend and daughter. I'm planning on getting a new car soon, one that's safer for a child and I can actually fit a few boxes in for the trip so I don't spend thousands on a rental. I'll owe around $15k when I move. Still going to keep up with payments, keep everything legitimate. But is it legal to move that far away when technically the dealership will own more of it than I do? I'm assuming with the risk of me not paying, they wouldn't want to deal with repossessing it from 2000+ miles away
Why do I always owe state taxes?
Have you ever wondered “Why do I owe so much in taxes this year?” What can I do to make sure I don’t end up owing a big tax bill?” OR ANY BILL AT ALL WHEN I FILE MY INCOME TAXES?”A vast percentage of Americans withhold way more from their pay because quite frankly they’re scared of owing the IRS.But like the guy in the picture below, burying your head in the sand will NOT help your situation.There is a deep dark secret behind this. The federal government has been on a crusade since the 1940s to convince all Americans that they owe the tax, regardless of where they are employed. However, the U.S. Supreme court decision says otherwise as does the federal tax code which can be found in Title 26 United States Code. Read more about this at Why Do I Owe Taxes To The IRS & How To Avoid Them - End Taxes 4 Ever
What countries owe the U.S. money?
Q: What countries owe the U.S. money?The Rest of the World owes around 15.3 Trillion US$ to the US.The US owes a total of around 18.4 Trillion US$ Dollars.Who owes what to whom varies. For example:The graphics on this 2011 BBC story (below) explain who owes what to whom, the figures are 4 years out of date, but you'll get the idea!Eurozone debt web: Who owes what to whom?(The USA, China & Japan are included in the graphics BTW).So, if countries did start calling in the IOUs, the whole system would come crashing down. (That's the worry that underlies the whole Eurozone experiment...).
What does it mean to be exempt from taxes?
I am 16, I live in Pennsylvania, and I just recently started working. What does being exempt from taxes mean? What does it mean to do returns on taxes? I was wondering if I had to file for taxes or anything like that, or if my guardian has to put me as a dependent on her taxes. I don't really know how any of this works and I don't want to go about things uniformed. So if someone could explain what all these things are that would be great.
If I owe money to an electric company in one state, will that affect turning on electric in another state?
Be aware that this could be showing up on your credit reports by now. Check all 3 free once a year at Annual Credit Report.com https://www.annualcreditreport.com/cra/i... No credit/ debit card required. Do not pay for the score. It's pretty useless for what you need to know. Know that they can sue you in the future in any state. A new electric company may check your credit. Mine did an inquiry.
My filing status says Single, 2. What does that mean ? -taxes-?
So i been looking at my paycheck for a while now, and I've always wondered or tried to remember what i filed for when i started working here. It says: Federal: Single, 2 State: UT, Single, 2 The 2 is the what I am worried about, what does it mean ? I am single, 20 years old and make 45 K a year... don't have any kids, live on my own and full time Univ Student. Should that be a 1 instead of a 2? what does it affect/mean ?
When I use turbo tax it says "Federal Taxes Due". Does this mean I owe?
I know it sounds dumb, but I've never done by taxes before. TurboTax free edition says "Federal Tax Due: $2718" and it's red. Does that mean I owe?