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View Full Version : Tax Filing for semimonthly payroll


penn_macu
Feb 3, 2011, 07:22 PM
My company has a semimonthly payroll.. Should it make any difference in the way I file taxes ? I recently used hnr block and it shows huge amount owed from my side. Please help

donf
Feb 3, 2011, 07:55 PM
The payment schedule should make no difference in deducted taxes.

For example if you are paid $30,000 a year, it should not make any difference if the monies are paid to you weekly, bi-weekly, monthly.

$30,000 is $30,000.

Fr_Chuck
Feb 3, 2011, 07:58 PM
How you are paid , weekly, bi weekly monthly, has no bearing at all. What makes a difference is if you had enough money being withheld from your check.

Also I will be blunt, HR Block is about the last place I would take my taxes to. I had to use them one year due to a family issue, and I had to set there and tell them everything they were forgetting, and had to pay way too much for it.
Then they forgot to file my state taxes and I never did get proper service or feedback or replys from them.

But your income, your deductions, and what you paid in, decides what your taxes should be.