Posts tagged as:

personal exemptions

Taxes from A to Z: W is for W-4

27 March 2011

Here’s the first bit of information you need to know about the federal form W-4, Employee’s Withholding Allowance Certificate: it only applies to employees. If you’re self-employed, you can move along, there’s nothing to see here for you (though you may want to check out other IRS info as outlined on Publication 4591, Small Business [...]

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2010 Not Likely to Be All That Different From 2009

30 October 2009

It looks like 2010 likely won’t be all that different from 2009 – at least when it comes to taxes. Each year, by law, the dollar amounts for certain tax provisions are indexed for inflation. But inflation hasn’t budged all that much (that’s good, right?) which means that a lot of nothing is happening. Here’s [...]

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Ask the taxgirl: Allowances for Kids

26 September 2009

Taxpayer asks: Hi, My husband and I have decided to open a bank account for our son. We’re going to give him an allowance every week. He gets to keep part of it and put the rest in the bank. If he saves a certain amount, he gets a bonus allowance. The point is to [...]

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Up, Up and Away… In My Beautiful Tax Balloon

20 October 2008

As the economy continues on its wild ride, the IRS has announced a series of adjustments for tax brackets and other provisions for the 2009 tax year. These adjustments, in response to inflation, are required by law. Note that these adjustments will affect your 2009 tax return, normally filed in early 2010. Your 2008 tax [...]

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