Mar
I work in NJ and live in Pa. I have a legitimate job with a regualr paycheck. Come to find out my employer took out for all taxes except federal withholding. Isn't this illegal?. There is no way I will be able to pay because I am raising 2 kids on my own and just plain broke.. Should my employer be responsible?
Answer:
More than likely your income was low enough that no Federal income tax would be due. That's why none was withheld from your pay.
As a single parent with 2 kids filing as Head of Household you would need to earn in excess of $36,500 before you'd actually have a net Federal tax liability. If your income was less than that, you'd get a refund even though no Federal income tax was withheld. This is because of the effects of the Child Tax Credit, Additional Child Tax Credit and the Earned Income Credit.
If you earned more than that and no tax was withheld, it's YOUR responsibility to bring this to the attention of your employer. They only withhold taxes based upon what you claim on your W-4. If an error was made, it's up to YOU to correct it in time so that you don't owe at filing time. Employers are NEVER responsible for YOUR tax liability. You alone are.
Edit: With your income, you'll be looking at a refund of around $4,010 due to the EIC mentioned above. Spend (or better yet, save) it wisely!
Answer:
You're most welcome. TFTP. Report It
Answer:
I doubt it. You are the one who received the wages. Didn't you look at your pay stub?
Answer:
Also, (just in case you're not aware of it) if you expect to qualify for the earned income credit in 2008, you can receive part of it in each paycheck throughout the year. This way, you won't have to wait for it in a large tax refund — you can have that amount included in your paychecks during the year to help you with those difficult day-to-day expenses that you might have. These payments are called "advance EIC payments."
How To Get Advance Payments for 2008: Fill out and give your employer a Form W-5, Earned Income Credit Advance Payment Certificate, for 2008: http://www.irs.gov/pub/irs-pdf/fw5.pdf
After you have read the instructions and completed Form W-5, give the lower part of the form to your employer. Keep the top part for your records.
The 2008 Form W-5 you give to your employer is valid until December 31, 2008. If you expect to be eligible for EIC in 2009 and you want to receive advance payments, you must give your employer a new Form W-5 in 2009. Do this each year you expect to be eligible for the EIC.
If you no longer want to get advance payments or if your situation changes and you no longer qualify for the earned income credit, you must give your employer a new Form W-5. In that case, check the “No” box on line 1 of the new form.
Answer:
If you're withholding was not to your liking, you should have fixed that during the year. You are responsible. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList