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    penn_macu's Avatar
    penn_macu Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 3, 2011, 07:22 PM
    Tax Filing for semimonthly payroll
    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's Avatar
    donf Posts: 5,679, Reputation: 582
    Printers & Electronics Expert
    		  
    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    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.
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