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Will we owe money or will we get money back?

Posted by on Jan. 31, 2015 at 11:14 AM
  • 10 Replies

My boyfriend had 4 dependants on each of his pay checks. His dad said he will have to pay alot in during tax time... is this true?

by on Jan. 31, 2015 at 11:14 AM
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Replies (1-10):
emandab
by Platinum Member on Jan. 31, 2015 at 11:16 AM
Depends. Will he claim those 4 as dependents when he files?
Dardenella
by Ruby Member on Jan. 31, 2015 at 11:19 AM

More than likely

wymama610
by Platinum Member on Jan. 31, 2015 at 11:19 AM
1 mom liked this
My crystal ball says you will owe $23,462.71
slb235
by Grammar Police on Jan. 31, 2015 at 11:21 AM

Judging by all the information you've supplied, you will owe between $216.54 and $34,728.48.

I hope this helps!

CinderellaLover
by on Jan. 31, 2015 at 11:21 AM
Wait he took 3 dependents not 4 and he is claiming 3 dependents

Quoting emandab: Depends. Will he claim those 4 as dependents when he files?
Anonymous
by Anonymous 1 on Jan. 31, 2015 at 11:23 AM
Yes, he will owe $46,386. I hope he has that amount in savings.
emandab
by Platinum Member on Jan. 31, 2015 at 11:26 AM
Then, depending on tax bracket and other credits and deductions, he will probably break even or get something back.

Quoting CinderellaLover: Wait he took 3 dependents not 4 and he is claiming 3 dependents

Quoting emandab: Depends. Will he claim those 4 as dependents when he files?
CinderellaLover
by on Jan. 31, 2015 at 11:29 AM
Haha sorry this is our 2 year only filling. We just gained US citizen ship from Guatemala. Things are so weird here lol

Quoting emandab: Then, depending on tax bracket and other credits and deductions, he will probably break even or get something back.

Quoting CinderellaLover: Wait he took 3 dependents not 4 and he is claiming 3 dependents

Quoting emandab: Depends. Will he claim those 4 as dependents when he files?
lovinglife1622
by Gold Member on Jan. 31, 2015 at 11:36 AM
Born and raised a US citizen and I don't understand how taxes work, because I didn't make it a priority to know. I suggest getting them professionally done and and asking them how you should file for next year and any questions you may have. Not like h&r block or places like that I think that some of them only need like months of training.
emandab
by Platinum Member on Jan. 31, 2015 at 11:39 AM
Lol no problem, taxes can be hard to understand regardless.


Quoting CinderellaLover: Haha sorry this is our 2 year only filling. We just gained US citizen ship from Guatemala. Things are so weird here lol

Quoting emandab: Then, depending on tax bracket and other credits and deductions, he will probably break even or get something back.

Quoting CinderellaLover: Wait he took 3 dependents not 4 and he is claiming 3 dependents

Quoting emandab: Depends. Will he claim those 4 as dependents when he files?
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