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i have recently gotten divorced and gone from filing ...
Sent to Tax Experts March 27 12:33 PM

i have recently gotten divorced and gone from filing married jointly with 2 dependents to filing single with no dependents. All i have is a mortgage and chairitable contributions less than 450.00. I am finding that i have almost nothing left of my check after taxes are taken out. How can i find out exactly how much to take out without having to pay at the end of the year.

 

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North Augusta, South Carolina

Already Tried:
nothing

Customer (name blocked for privacy)
Status:  Closed   Value: $10
Info Request
March 27 12:37 PM (3 minutes and 58 seconds later)
         
REPLIED to Info RequestCheck Mark
What is your total wages for the year? Other income?

What is you total mortgage interest and contributions?
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RD -- Certified Public Accountant (CPA) -- 99% Positive Feedback on 4720 Tax Accepts
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Reply
March 27 12:45 PM (8 minutes and 28 seconds later)
         
Reply to Renu V's Post: 59833.77 taxable income
mortgage interest is approx. 3500.00 and contributions are 300.00

Edited by Customer (name blocked for privacy) on March 27 2006 at 12:47 PM
Customer (name blocked for privacy)
Answer
March 27 12:59 PM (13 minutes and 15 seconds later)
         
ACCEPTEDCheck Mark
Your federal tax on income will be approximately $9,100.
You can divide this into number of paycheck you will receive to determine tax withholding from each paycheck.

Alternatively, you can use the calculator at this link to determine the withholding from paycheck.

http://www.paycheckcity.com/copayroll-taxes/netpayHRatescalculator.asp


Let me know if you have any question.

renu@yashcon.com

Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases.

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RD -- Certified Public Accountant (CPA) -- 99% Positive Feedback on 4720 Tax Accepts
CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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