Job Taking Money Out Of Paycheck?
I work part time at my undertaking and last take-home pay period they accidentally rewarded me for Holiday pay, which I do not get hold of as a part time hand. Well, this latest take-home pay period they deduct the Holiday Pay they had given me by quirk. Is this legal? I get one big check and one small check.Answers: It's not only allowed, it's standard practice. If your employer overpays you there are fully inwardly their rights to dock your pay for the overpayment.
Just be glad that this happen in a single excise year! When these things span 2 tax years it can achieve really messy for you tax-wise especially if you didn't work for the employer any more once the caught the error.
Well, sure it's legal. You didn't complain when they overpaid you. Now they are freshly taking back what you get that you weren't entitled to - it's their money.
Claiming a dependent on 1040?
I was wondering if anyone know about this situation. I am file my own 1040 tax return. I graduate college last May and immediately have a full time career. Can my parents still claim me as a dependent? I still live at home and I am only 22 years prehistoric.I am not sure and if someone could help me out I would appreciate it. Thanks!!
Answers: If you are no longer within college, your parents CAN NOT claim you as an exemption on their return. You must file your own return, if you have income, and the potential to owe tax, or to receive a return.
If you provided over partially of your own support in 07, you would claim yourself. Your parents would not know how to claim you.
If your parents provided over half your support, you would unite the definition of a qualifying child for them. In that shield they would claim you. You could not claim yourself, even if they elected not to claim you.
Note: beware of any answers which say your parents can automatically claim you because you are a student. That is a tariff myth.
If you have salaried more than half of your own support, they may not claim you as a dependent.
see page 12 of IRS publication 501. Link is below
If you provided over partly of your own support for the year, then you'd claim yourself and they can't claim you. But your share of the household expenses for the year count as support remunerated by them since you lived there, so they can immensely likely claim you.
Can student loans get my Federal income tax refund?
Answers: If they are in default, absolutely!
If your payments are current, no. If it's in default, yes.