Free online tax filing??? Anyone know a good one?

[Dunkopf]

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Doing backwards math, I get a taxable of ~$387, assuming weekly, withholding of 3, and they are following 2011 schedules for everything, his check w/h should be about $2 based on the easy chart, or on the percentage chart (if I can do math this early, don't hold me to it) is 387-213-152= 22x0.1= $2.20. The 213 is the withholding allowance ($71.15x3).

Of course, this is all assuming that it's weekly, and taking a stab at the taxable amount. Not sure if the employer does his medical pre or post tax, if pre, then gross should be ~$462.

It's confusing until you get it LOL!

2011 Publication 15

http://www.irs.gov/pub/irs-pdf/p15.pdf

They should be taking the medical out pre tax. Of course that is one of the things they are talking about changing to reduce the deficit. Hasn't happened yet, but I see it coming.

 

[Dunkopf]

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Very true about the life lesson....I feel for you it is hard when they won't listen. Especially when they have another parent telling them the opposite or the other parent just don't know anything about anything.

So your daughter is considered and "independent contractor" I was always told to withhold 20% every check and put it away in a savings. Last I heard independent contractors pay 15.3 % that would be her share and her employers share.

This was in 2004-2005 I heard all this. I was in the same position at that time.

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I am not sure I understand what you are asking here?

Last year the employee paid 6.4% of their earnings up to a max of 106k at which point they got a tax break. The employer matched that 6.4% to contribute to the SS fund. This year it has gone down to 4.4%. So I assume that since the employer had to match before, they would continue to match. Therefore the employer would be paying 4.4% to SS to match the employee contribution. If you are self employed or a contractor you would have to contribute both parts or 8.8% plus medicare.

 

[WingingIt]

I always do ours with software and file it online but I mailed something yesterday and our post office IS carrying the tax forms this year again, so those of you who like to do them manually might want to give your PO a call. There's a good chance ours picked them up from the library or something (close by), but they had stacks of them out for people.

 

[arabianequine]

Quote:
Doing backwards math, I get a taxable of ~$387, assuming weekly, withholding of 3, and they are following 2011 schedules for everything, his check w/h should be about $2 based on the easy chart, or on the percentage chart (if I can do math this early, don't hold me to it) is 387-213-152= 22x0.1= $2.20. The 213 is the withholding allowance ($71.15x3).

Of course, this is all assuming that it's weekly, and taking a stab at the taxable amount. Not sure if the employer does his medical pre or post tax, if pre, then gross should be ~$462.

It's confusing until you get it LOL!

2011 Publication 15

http://www.irs.gov/pub/irs-pdf/p15.pdf

I tried doing the math backwards but got different gross incomes for each so I knew I did something wrong.

 

[arabianequine]

Quote:
Very true about the life lesson....I feel for you it is hard when they won't listen. Especially when they have another parent telling them the opposite or the other parent just don't know anything about anything.

So your daughter is considered and "independent contractor" I was always told to withhold 20% every check and put it away in a savings. Last I heard independent contractors pay 15.3 % that would be her share and her employers share.

This was in 2004-2005 I heard all this. I was in the same position at that time.

Quote:
I am not sure I understand what you are asking here?

Last year the employee paid 6.4% of their earnings up to a max of 106k at which point they got a tax break. The employer matched that 6.4% to contribute to the SS fund. This year it has gone down to 4.4%. So I assume that since the employer had to match before, they would continue to match. Therefore the employer would be paying 4.4% to SS to match the employee contribution. If you are self employed or a contractor you would have to contribute both parts or 8.8% plus medicare.

I thought that is what you meant but worded a bit different before plus the percentages are off from what I use. Which is 6.2% and 1.45% yes I would think that would stay the same for each person/job situation. However, I have not heard for sure.

Remember though back 5 years ago when I was an independent contractor and learned more about this. I held back 20% that should cover everything. What ever is extra you can keep after you file your federal taxes each year. Maybe since they are lowing ss and medicare you can do 15% but it depends on the person and their situation each year they file, do they have dependents? Do they zero out each year? Do they get other credits/money back each year when they file? Still better to pay the ss and medicare quarterly and your federal yearly though.

 

[PineappleMama]

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This is what we did last year. SUPER easy for us since there's just plain income and the kids to claim, free efile, direct deposit, overall very happy with the result and plan to use them again this year.

 

[chickens4jojo]

We use Tax Slayer every year for quite some time. It works fine for us.

 

[EweSheep]

Well, update, folks, that we would get alot back as my Dad worked on our income tax returns and yes, after he made a few calls, federal taxes were so low because of "Work to Pay" program that Obama started it (as someone in here mentioned it). With all those credits, we would get back somewhere $4,000. I think that is GREAT!

Now we didn't want to have H&R to do our taxes, I figured we can see if we can go online and file like Turbo Tax...heard so many people using it and it's great, as they said. There is no place that we know of that we can just submit the paper and file it online like the library since they do not have Turbo Tax filed on their computers. So much for the deal to find a place for a "do it yourselfer" kind of filing onlines.

Hubby is going to pick one Turbo Tax tonight....wish us luck and hopefully no glitch>

 

[booker81]

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If you go to the irs.gov website, and your dad did the actual forms, you can enter the info and file free there. It's freefillableforms.com or something like that - just link from the irs.gov site.

 

[arabianequine]

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I just use turbotax.com it is free to efile.