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Invisibletak
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Income Tax
    #3534981 - 12/23/04 08:04 AM (13 years, 4 months ago)

I am a single male. No one claims me as a dependant. I live by myself, no wife, or kids. Do not go to school, make 30k a year.

When I first started this job, i claimed 1 dependant, cause I needed money right away. I was planning on changing that back to 0, but never got around to it.

From what I gather, claiming 1 should still leave me about even at tax time. Will I be ahead of the game, or owe the govt money? I want a tax return ;[


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Invisiblegoobler
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Re: Income Tax [Re: tak]
    #3535011 - 12/23/04 08:20 AM (13 years, 4 months ago)

you should be about even if you file a 1040EZ

If you can itemize deuctions and be over the standard allowance then you could get some back

I always claim 0 and put $100 extra away a week

alas

I will still owe :frown:


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Invisibletak
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Re: Income Tax [Re: goobler]
    #3535025 - 12/23/04 08:32 AM (13 years, 4 months ago)

Yeah man, I planned on claiming 0 and holding atleast 50 back a week. But this year went by real fucking quick. I dunno what happend.

I have no clue what you mean by itemizing deductions though. :[


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Invisiblegoobler
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Re: Income Tax [Re: tak]
    #3535030 - 12/23/04 08:33 AM (13 years, 4 months ago)

ok

answer these

do you own a house?

and large medical expenses this year

loans?

Investments?


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Invisibletak
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Re: Income Tax [Re: goobler]
    #3535045 - 12/23/04 08:47 AM (13 years, 4 months ago)

Do not own a home.

I have had a CT scan, MRI, and some other doctor visits. They have been mostly covered by my insurance though. About 5,000 total, maybe 800 out of pocket.

No loans.

No investments.

Am i fucked? I hope to atleast break even, I thought that you were entitled to claim 1 without problems.


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Invisiblegoobler
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Re: Income Tax [Re: tak]
    #3535059 - 12/23/04 08:53 AM (13 years, 4 months ago)

ok so you will use the 1040EZ form

one dependant is what you are so you didnt cheat

it should be very close


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General Interest >> Money Matters

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