Are there any deductions for taxes on your paycheck?
Posted By: no name on 2005-09-28
In Reply to: sm - booboo
nm
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I pay taxes now and take ALL deductions
x
A good tax guy can help with taxes and give ideas on deductions. His fee is a
:}
living paycheck to paycheck
Yeah, I feel your pain. I shop for as much groceries as possible in the Dollar Aisle at a local Kuhn's grocery store. Hopefully you have something like that around you.
Serious Poll: Paycheck-to-Paycheck
1. Are you living paycheck-to-paycheck? Defined: Missing one paycheck would seriously harm your basic living (housing, food, utilities or necessary meds/medical care).
2. If you lost your job today, without warning, do you think you could be employed again within 1 payperiod?
3. Do you have an emergency fund in case a loss of job happens?
My answers:
1. Missing 1 paycheck would hurt but not devastate me. Mising 2 or more, yes - it could be dire.
2. Yes, most definitely.
3. Started one and slowly building it up.
You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
paycheck
Mine was direct deposited yesterday, Wednesday.
paycheck
I worked for them for about 7 months the first 5 with direct deposit was fine but the last couple where they mailed checks was bad!!! My last several checks were 2-3 weeks late. Several people have left here. The "captain" is crazy. You would not believe some of the crazy & nasty emails he sent me. I would definitely get out of here unless you like waiting 2-3 weeks for a check and then are not sure if it will clear. Yes I heard a few checks bounced. Sorry I could go on and on about this guy but I think I have said enough. Good luck to you.
first paycheck?
It usually takes a full billing cycle for direct deposit to get going in my experience.
paycheck
Yeah the MTSO was responsible in that if they had payed her when it was agreed upon she could have paid her bills and wouldn't be in a financial bind. If you have your paycheck you can pay your bills. You work to pay bills, not for the heck of it. Yeah, you should have a cushion but they should pay on time. You think a sick child is an excuse you go pay a few doctor bills a see how much "cushion" you can keep in the bank. Don't judge people without knowing the circumstances. You don't know what is wrong with the child or how frequently they have to go to the doctor and it costs money not to mention the medicine. They have an agreed upon paydate and she has every right to be angry when she doesn't get her money. People work to pay bills. Alot of people don't have a big cushion in the bank.
No paycheck
I started with a company about three weeks ago, and here is the situation. This is my first transcription job, so I think I was a little too eager to jump at the job offer when it was given to me. They charge a "set up fee" of 100.00 that is taken out of the first paycheck. I am only getting paid 5 cents/line, so I did not make that much more than the 100.00 (I think about 40.00). The pay period ends on the last day of the month and checks are issued on the first of every month. They do not offer direct deposit, so I have been waiting for the last nine days for my measly 40.00 check. I really just want it to have documentation that I have paid the stupid set up fee (which I am embarrassed that I even agreed to). I have emailed them 5 or 6 times with no response whatsoever. They continue to send me work, and will (usually) answer questions regarding work, but NOTHING about my requests to see where my check is.
I have since found a much better and higher paying position with another (wonderful) company, but I do not really want to put in my 2 weeks' notice until I have that check. Any ideas??
definitely paycheck to paycheck sm
Losing even 1 would devastate me.
I am the only wage earner, and it is paycheck to paycheck.
There is nothing set aside to help, just in case. But I definitely feel I could get another job almost immediately with my skills and experience.
It's a hard knocklife. 
You will have paycheck on Monday 711/05
x
Why is it that the more desperately you need your paycheck,
the later the mailman is delivering?
Production is my paycheck
I work in 1 of my bedrooms with a big window facing the driveway. I have done this work for 30+ years. The office also has my husband's computer in it. I have absolutely no problem in keeping my mind on my work, the pay alone is the answer, no work, no pay and the more lines the better I feel when I get that check. I never see things I should do around the house because I have a housekeeper that comes every other week and takes care of things like that for me. Housework is about the last thing I want to do!!
whoever signs your paycheck
has the final say.
But, you might consider drawing up a "contract" that states the terms and conditions ... the dotor takes the ultimate responsibility ... your initials are only a reference ... and so forth. You sign it and they sign. Throw in a notary.
Not when your paycheck depends on it, it isn't.
p
To get the paycheck I want, I work
5 days a week and I type 1500 lines per day. I am radiology and therefore this is easy to achieve and for the most part, I am done in less than 7 hours but I will put in 7 hours.
No paycheck, need advice
I have worked for a company since April 21 of this year. I began asking about my first paycheck around the beginning of May, because it was my understanding that I would be paid for what I worked in April on May 1. After asking MANY times, one of my bosses (they are husband and wife) finally responded to me (saying that he had already responded many times) only when I stated that I would not continue to submit any more work until I got an explanation of where my paycheck was. He told me that I had misunderstood when I was hired, and that I would be paid June 1st for the pay period of March 5 - April 29. I decided (stupidly) to continue working, and the same thing has happened this month. I have been given three different explanations as to when my paycheck was mailed. Today, I finally stated, again, that I would not submit work until I received either the paycheck, or a faxed copy or emailed copy of something that proved that a check was issued and mailed to me. He was very rude, and basically said, he would not do it, and I would be "shut off" from work. The wife emailed me and said she did not want me to quit, and that the check had been resent the previous day. I subsequently gave my two-weeks' notice, and stated that I would complete any and all assignments given in the next two weeks, but wanted to quite thereafter (which I have to do according to the contract I signed). I live in CA, and the company is located in PA... and I already submitted a back-wage complaint online, but do not know what else to do. I have read recently that other people have had this problem, and am in contact with someone else that works there currently, who has only received one paycheck, and has worked for them since January. They also charge a "start up fee" of 100.00, so the check I am waiting on is only for 17.00! It's not the money, It is the fact that I have worked very hard for 2 months and have not been paid! He was also very rude and brought up personal things about myself and family in his emails. ANY ADVICE is MUCH appreciated. Thank you.
SoftScript paycheck late again?!!
Any other SS employees get their paycheck? Mine is late again! And I have direct deposit- so sick of this. Why do I stay!! aagghh
SS paycheck question for SS employees
This is my first check and it seems like they did not hold out taxes, does anyone know if you get a copy of a paycheck to see?????
I don't feel in control of my paycheck
For example, I start out on a roll, going along at a really good pace.. get half my production in a few hours, then all h - - - breaks loose. Here comes the bad stuff...All of a sudden, its not about skill... its about detective work...hunting foreign referral doctors names and addresses, etc, many times I can't even understand what the name starts with. I have to search and search for what seems like hours just to get what might or might not be the right name! OOPS...there goes that production. I'm at the mercy of my "pool". I have no control over that or the paycheck from that point on. Any suggestions?
Self-employed even worse getting paycheck
Bill three doctors at the end of the month, and still waiting two weeks later, sometimes three. I even stay up all night and do a 12h turnaround time. You'd think they would see I was paid in a reasonable amount of time!
Nada! My work and paycheck are enough!
n
Affected my paycheck - a verb
nm
deductions
The IRS has guidelines published for people who file quarterly. I've been doing this at home for 9 years now. Over the years the govt has sent me vouchers which I've ignored. This year, however I decided to pay quarterly to stay out of trouble. I know there are exceptions for filing quarterly if you have children but since I don't I didn't pay much attention when reading the info. However, I have heard of ICs who had their husbands take more out of their checks but the IRS penalized them anyways. Hope this info helps.
deductions
Well 2600 out of 15 K is about 15% to 20% and it depends on the sq foot that you have in your office. I use 20% and deduct 20%. You cannot deduct ALL of it as it is only the percentage of the house that you use. If you are a business, an IC and it is required that you need that occupational license it is deductible. I deduct my business license which is a percentage of my business -- would trade the $200. If we want to operate as a business and want the deductions that you have to be licensed as such and pay the necesssary fees. Can't have it both ways.
I had about 12K in deductions.
.
deductions
I deduct and depreciate my house as I know I will live in it well after I retire and so won't have to worry about the depreciation move or when I die and my estate can well pay for it if it. But I deduct advertising, phone, health insurance, mileage, computer, supplies, depreciation of house, partial utilities, my internet, cell phone, etc. and it equals out to at least 15K a year. My mileage helps but if I were working outside in a hospital I would have that expense and no deduction so I don't mind. I also put aside 20% in my IRA which is a deduction. Most of these deductions I would have if I were not an MTSO-IC as I would still use internet, gas, house, utilities, etc. and would have more of a taxable income but someone is just holding my taxes for me and sending them in. But you have to think ahead to prepare. I go on vacation to places where there are seminars that I want to attend, etc. Again if you weren't an IC you would still have those expenses and they would not be deductible. It is just a shock because no one withheld for you during the year. You almost think and feel that your employer is actually paying those taxes for you and except for the 7.5 of SS they are just managing your money. So begin to manage yours now. If you have kids and give them allowances, you can say you are paying them for filing and be able to deduct up to 500 without doing a 1099. There are legitimate deductions out there but you gotta search for them. If you have your kids give out flyers, etc, pay them and deduct it. You give them money anyway. But I would not give up my house deduction/depreciation for anything as I know I will be here long after I retire. That is my long 2 cents worth. Patti
I need help with QA deductions..SM
It has been so long I don't remember the exact deductions and how it works. Could you please tell the very basic process for deductions and how it works. Specifically, how much is deducted for a word left out, the wrong medication dosage, no comma where there should be one, and when they type a word like has but it was supposed to be his.
I'd really appreciate it. Maybe someone knows a site that has this info. I couldn't find anything myself.
thanks.
deductions
Mileage for any travel pertaining to business, advertising, mailings, internet, phone, office, -- first couple of years I went to a CPA and then did on my own following his prior returns with Turbo Tax. They take you through it step by step. Anything you contribute to your SEP retirement, insurance, computer, desk. Get a good book or talk with a CPA. Have a separate check book for all payments to work related expenses. Even a couple thousand miles per year is a savings.
Deductions
Hello everyone. I know this has probably been discussed a million times and that there's probably information in the archives (which I plan to dig into), but I was wondering if anyone could, off the top of their head, guide me to a site or something that could specifically tell me what deductions I am able to take as an IC doing MT work for a national company? Thanking you in advance. Reb
Would you work for a co. that docked your paycheck for blanks?
nm
Don't forget the tax deductions
Pleae keep all your receipts for hearing-aids/batteries, etc. and check with your tax preparer at year's end or before. I would think this would be deductible but worth asking about.
I only took the standard deductions
and it still happened to me. What I couldn't understand was that I was supposed to be in a less likely audit bracket because that year I was an employee, an IC and an SE. (they were trying to see if I met employee status on my SE account).
TAX question..deductions??sm
I am starting or trying to start my own business at home
but in order to do that I had to buy my own pc and use
it to take an online course at home in my spare time.
I work parttime for a national MT co. I want to deduct
the cost of the pc and the course from last year's income
which I earned as an SE (several W2s). Both the course
and the pc were bought in Dec. 05 using a small-business
credit card. I don't expect to finish the course for a few
months and only then will be able to "market" my new skill.
My question I guess is..when you purchase something by credit,
is it "totally deductible" in the year of purchase or do you
only deduct the payments in the year they occur? Thanks.
need some tips for tax deductions
I would really appreciate any tips I an get on tax deductions for at home employee.
Just keep deductions in mind.
I live in Alabama and out in the country. I count the miles I drive to the bank and to the post office, post office box dues, cell phone, extra phone line, internet, etc. As an employee I had to pay all these anyway, I just could not deduct them from my taxes.
Employee/IRS deductions
I have been claiming my home office for years as a deduction, which includes portion of my oil heat, telephone bills, DSL bill, computer, paper, pens, notebooks, etc, books, software, etc. I have been an employee and an independent contractor, and my accountant has always told me I could take these deductions, so I have with absolutely no problem. The rules for a home office is that the room you use needs to be for business, so I use a small bedroom just for my office, i.e. it cannot be a room you use for a bedroom and a home office. Hope this helps. 
What are some examples of deductions you use?
nm
Disagree, as an IC you can take those deductions
I'm an employee now, and though I still do write off home office and percentage of my bills it's nowhere near the amount I used to be able to write off as an IC. All those extras have to add up pretty high to get above your standard deduction to write them off as an employee.
Since when as an employee can you get deductions?
nm
Income after deductions.
Income after expenses is what you are given credit for making. If you grossed $40,000 and had $10,000 worth of expenses, you made $30,000. This is your taxable income and what is credited as your social security income.
Right, they want all this time off, yet you can bet they expect a FULL paycheck come payday! nm
.
don't worry, they'll catch it. Probably take it out of your next short paycheck.nm
nm
Dear, I'm wondering if the economy has effected your paycheck...
something tells me it hasn't.
Get a good tax guy. His fee is a write-off. He will tell you what you need to do & deductions you
;I
write offs/deductions for IC's??
Just wanting some ideas on what everyone uses as deductions. Im going to get hit hard this year and just seeing what everyone else does.
TIA,
To all ICs claiming huge deductions...(sm)
I just met with my accountant yesterday. I am so sick I cannot think straight. I asked alot of people before moving ahead with an IC position and leaving employee status. EVERYONE stated that the deductions you can write off are more than worth paying the extra SS taxes that you no longer have an employer to pay. I even saw several people specifically state they lowered their taxable income by $10,000 or more so the IC status was well worth the headache of paying the extra taxes.
Well, I would sure love to know how in the world you ladies come up with these deductions. The accountant said my total deductions for my home office came to about $2400. But then my SS taxes I owed ate up that plus about another $1500. Are those of you reaping in huge deductions working strictly via the internet? I have no gas, mileage, vehicle wear/tear deductions because I'm strictly internet based. But even with considering those deductions, if I had them, I still cannot see where in the world you all are coming out so much better. Someone please offer suggestions/comments....have I just completely screwed myself over here or do I need a new accountant?? 
My IC home office deductions came to only sm
$1100 because I own my house outright and, like you, have no real expenses because I work at home off the Internet. My health insurance premiums are low because it's lousy insurance.
People with high mortgages will have a higher deduction based on that. They may travel each day to get their work, etc. Every person's situation is different.
I think you did okay!
BTW, if anyone uses H&R Block, I strongly urge you to get the Peace of Mind benefit for $27. Mine came in handy for 2004 when the preparer made a big, big mistake caught by the IRS (I'm going to end up getting a refund of what the preparer said I owed in 2004!!!) This may be my last year with the blockheads, though. I should say I've gotten excellent service in the last 25 years, except for that one preparer last year and Block messing up on its own tax preparation.
Wasn't that 20K TAXABLE after all deductions? sm
I wouldn't mind making more than that and only having to pay taxes on 20K.
You worked, they paid. You took deductions.
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