Archive for Taxes

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Why Do Some Owe Money And Others Get A Refund For Their Taxes?

i file my taxes every year no matter how little i make but i still dont understand how doing your income taxes work. how come some of us owe money and others get a refund? if there’s an amount in the federal withholding doesnt that mean you should automatically get some money back? my boyfriend [...]

How Much Money Can You Make Until You Have To Start Paying Taxes?

I just started cleaning houses for some extra money. I make about $100 a week. Do I need to pay taxes on this money? Do you know how much money I can make with out having to pay taxes?

What Is The Best Way To Handle Large Investment Losses On My Taxes?

I really screwed up and have over $50,000 in investment losses this year! Our gross income from salaries for this year will only be around $50,000. In addition, I lost $5000 in my Roth IRA. I just read that I can only deduct $3,000 in investment losses. Does that include IRAs PLUS regular investment activities? [...]