Comments on: 2008 Federal Income Tax Brackets: Official IRS Figures

By: Tom F

Tom F — Sun, 12 Apr 2009 03:21:08 +0000

By now you probably know – if your wife files separately and itemizes, you have to itemize as well.

By: Kam

Kam — Fri, 10 Apr 2009 22:23:04 +0000

My mom, who is retired and living in Utah, took out a $20,000 Reverse Mortgage on her home. Does she have to pay any Federal or State Taxes on that? Her income consists of Social Security and my Fathers Military Pension (I think). Thanks, I appreciate any info that I could get.

By: Monsan

Monsan — Tue, 07 Apr 2009 08:06:20 +0000

I’m in the same problem as you are and I don’t know what to do to get my portion back. I’m stuck right now, and I don’t know what am I suppose to do. Can you help?

By: Monika

Monika — Thu, 19 Mar 2009 20:58:44 +0000

My husband annual income is about 14000$ plus he got little store that has income 8500$ how can i check what is a max income for him if i dont work and he claims me?

By: Mary Davin

Mary Davin — Thu, 12 Mar 2009 21:05:48 +0000

What an awfully parasitic thing to say, you’re the parasite! Those people earning less than you qualify for earned income BECAUSE THEY DID EARN THEIR MONEY!

By: Babar

Babar — Thu, 12 Mar 2009 17:14:23 +0000

Probably not Bailey.

Here is how it works… You are taxed based on your adjusted gross income (meaning after all deductions). Say you max out at $32551 last year which puts you $1 into the 25% bracket. You would then pay 10% on the first $8025 (so $802.5) then 15% on the next $24,525 [$32550-$8025 = $24,525) (so $3,678.75), and finally 25% on the last $1. So it isn’t bad to reach the next tax bracket in this scenario.

This would be a problem in certain cases, such as IRA distributions where you are taxed at your highest marginal rate (25%) for the full amount of the distribution… and these distributions can raise your rates.

By: bob

bob — Tue, 10 Mar 2009 07:07:20 +0000

this year i just made some good money aroun150000. we are filing jointly and i have a year old kid. how do i save taxes? please advice

By: janet hartman

janet hartman — Mon, 09 Mar 2009 19:37:53 +0000

tax tablefor over 65

By: saladdin

saladdin — Sun, 01 Mar 2009 18:58:48 +0000

That’s not how tax brackets work. You should really research marginal/effective tax rates. Besides that, income tax is not 100%. Why would you not want more income?

saladdin

By: US Engineering

US Engineering — Sun, 01 Mar 2009 12:15:35 +0000

Various politicians think that playing with our money will get us where we need to be,wrong wrong wrong.Does Anybody know history? Remember the labor movement when this country had prospered building the Panama canal,the empire state building,the railroad,etc,these acts where deliberate and everyone worked from a vision. Right now the only politician whith one would be the President.Correcting the info structure is a big start.Without a vision of where we are going to the future these corrections to our bridges,roads,and tunnels will be the waste of another generation. Mr President,citizens of the US there is only one way we wre going to come out of this.National Monorail System System.Clean,fast,dependable,and plenty of work for all.

By: Bailey

Bailey — Fri, 20 Feb 2009 14:39:57 +0000

I have just had a hopefully temporary pay cut that has put me in the 15% tax bracket. If I can still make ends meet would I be stupid to get a part time job that would throw me back into the 25% tax bracket?

By: K.Nabozny

K.Nabozny — Thu, 12 Feb 2009 02:12:43 +0000

I think ALL military should make way more money. Anyone who thinks different needs to join up for a bout a week or two, you’ll change your attitude

By: Hopper

Hopper — Mon, 09 Feb 2009 00:45:02 +0000

I’m confused on my taxes. I have 2 jobs and when I enter my W-2 info for my first job it says i get a refund of around $1,200. Then I enter my second W-2 and my refund gets cut in half. I don’t think I changed tax brackets this year and I don’t know what to do. Any help would be awesome.

By: toledowizard

toledowizard — Fri, 06 Feb 2009 07:10:31 +0000

This must be the website for the semi-wealthy. Are you people joking? I was married last year and I’ve worked my butt off everyday for the last 17 years. We pay our bills and take care of our kids. And we’re taxed just like everyone else. Don’t act so great because you make more than little people like us. When my refund comes, I pay my bills. How the hell does that make me lazy? Please explain to me how working 40+ hours a week for 17 years makes me lazy?!!

By: christina-lynn

christina-lynn — Thu, 05 Feb 2009 21:20:28 +0000

Hello everyone, i have some issues, first of all, ive been married 9yrs, during this 9 yrs be and my husband have only lived under the same roof, for about 2 yrs, we have remained married tryin to work through things, and we always end up getting back together, and then a month or two we are living apart again, i have only worked maybe 2 jobs for a very short period of time and didnt make very much maybe total of 3400.00 each time which were different years, and so since we had two children together, and ive had some issues, our children have remained in the home with there father, who has filed head of household evvery year, well last yr, i ended up getting pregant, and we tried working things out again, and have moved into the same home together to see if it will finally work out since we are both so much older and now have three kids, my ? is since my husband filed head of house all those years, and i never filed on when i worked, because i was told you had to make 5000.00 or more a year, this year he filled married filling seperartly since we are living together now, will they audit him? and me for not filling on the time i worked? thank you so much and god bless