Ask Experts Questions for FREE Help !
Ask
    DORIS FERGUSON's Avatar
    DORIS FERGUSON Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 11, 2008, 11:31 AM
    How to calculate federal taxes for Social Security?
    Hello,

    My husband and I had to pay a lot of taxes back this year; Could you advise me on how to calculate my federal taxes withheld from my income for preparation next year ? Also if you could guide me to where I can find the form to change the taxes.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Feb 11, 2008, 11:41 AM
    The form you need is W4 - ask your employer for one, or follow the link below, and submit it to your HR department. There are instruction on how to complete it if both you and your husband are employed - you basically claim fewer exemptions on your W4, so that your employer withholds a bit more tax with each paycheck.

    http://www.irs.gov/pub/irs-pdf/fw4.pdf
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #3

    Feb 12, 2008, 01:54 PM
    Do a new W4. Follow the instructions properly for the correct allowances.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #4

    Feb 12, 2008, 01:54 PM
    Do a new W4. Follow the instructions properly for the correct allowances.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

OPT social security taxes [ 3 Answers ]

Dear Experts! I guess this is one of the streotype questions that arise over and over again, But I can not find an answer. Please help me. I came to US as a F-1 student in July, 2002, and finished my degree in Aug, 2007. Now I am working, but still in F-1 status with OPT, starting Sep, 2007...

F1 student (social security taxes) [ 1 Answers ]

I am a F1 student and have lived in California since 2003. I worked as an intern at a company last summer for two months, but I found my employer deducted FICA taxes (social security and medicare taxes) while I was working as an intern. But the problem is that I filed 1040 last year so I think...

Social security and Medicare taxes. [ 1 Answers ]

Hi All... Until 2006 Dec I was a Full time student and my employer deducted social security and medicare taxes while I was working as an intern. Is there any way that I can get back that tax amount? Thanks Mahi vanka.

Social Security Taxes - OPT - H1 [ 1 Answers ]

I am Indian Student on F1-OPT till December 18,2006 while my H1 starts on Oct 1,2006. I am not paying any social security taxes. The question I have is do I need to start paying the social security taxes from oct 1 onward or can I continue till Dec 18,2006 without paying social security and after...

Social security and medicare taxes [ 1 Answers ]

Hello, I am on H1B. My payroll dept forgot to deduct my social and medicare taxes from my paycheck AND it continued to deduct taxes as per F1. So do I need to pay my medicare and social now with 2005 tax returns? If yes How should I pay those taxes, which forms should I use? Thanks


View more questions Search