LEDagent
Flashlight Enthusiast
Jeez...i feel so embarassed..
I was reading Polak187's post about filling out his W4 form and it got me thinkin'..... "I don't know how to do my taxes."
I'm 23 years old, i'm working my first full-time, taxable job, and my parents have always taken care of me financially until now. I still live at home and I'm trying to be more independant by paying for things that my parents use to take care of. I feel so spoiled...but i've got to start my independance NOW, instead of being shoved out into the real world a few years from now...and not knowing what to do.
Anyway...how the heck do you file income tax? I hear about it, and NOBODY has ever told me about it, nor have I hever looked into it. My parents get s theirs done by a pro, so they never tell me anything usefull around this time. Please explain it to me as if i'm from another planet because (shamefullY) i don't even know what it's perpose is for and (even more shamefully), I don't even know what all this money deducted from my paycheck is used for.
For example, what's this Fenderal Income tax taking 80 dollars or so every pay period? Or Social Security Tax (I know a little about this), Medicare, CA State Income Tax taking about 15 dollars, and CA SUI/SDI Tax?
I feel so bad that people are taking money from my pay check (up to 250 during some pay periods), and i don't even know where they are going. I hear people saying "Oh i'm gonna spend my income tax money when i get it." Are you saying that i can get all that back? HOW?!
This is my first taxable job. I use to work for a non profit, so the money i earned is the money i kept. Now the money i earned is being deducted up to 200 dollars every 2 weeks. So i'm scratching my head saying "what gives"? I'm not upset about this because MILLIONS of other people are doing this...i'm just late in the game is all. I feel like those rich spoiled people on TV that everyone (even me) laugh at. When something so obvious for us regular people stump them, it's funny. So feel free to laugh at me...but not too hard. I'm tryin' to learn.
Please help me understand this tax bussiness. What do i do at tax period? Help me understand the terminology before i get in trouble later on. Are there any online sites that can help someone like me?
I was reading Polak187's post about filling out his W4 form and it got me thinkin'..... "I don't know how to do my taxes."
I'm 23 years old, i'm working my first full-time, taxable job, and my parents have always taken care of me financially until now. I still live at home and I'm trying to be more independant by paying for things that my parents use to take care of. I feel so spoiled...but i've got to start my independance NOW, instead of being shoved out into the real world a few years from now...and not knowing what to do.
Anyway...how the heck do you file income tax? I hear about it, and NOBODY has ever told me about it, nor have I hever looked into it. My parents get s theirs done by a pro, so they never tell me anything usefull around this time. Please explain it to me as if i'm from another planet because (shamefullY) i don't even know what it's perpose is for and (even more shamefully), I don't even know what all this money deducted from my paycheck is used for.
For example, what's this Fenderal Income tax taking 80 dollars or so every pay period? Or Social Security Tax (I know a little about this), Medicare, CA State Income Tax taking about 15 dollars, and CA SUI/SDI Tax?
I feel so bad that people are taking money from my pay check (up to 250 during some pay periods), and i don't even know where they are going. I hear people saying "Oh i'm gonna spend my income tax money when i get it." Are you saying that i can get all that back? HOW?!
This is my first taxable job. I use to work for a non profit, so the money i earned is the money i kept. Now the money i earned is being deducted up to 200 dollars every 2 weeks. So i'm scratching my head saying "what gives"? I'm not upset about this because MILLIONS of other people are doing this...i'm just late in the game is all. I feel like those rich spoiled people on TV that everyone (even me) laugh at. When something so obvious for us regular people stump them, it's funny. So feel free to laugh at me...but not too hard. I'm tryin' to learn.
Please help me understand this tax bussiness. What do i do at tax period? Help me understand the terminology before i get in trouble later on. Are there any online sites that can help someone like me?