Tag Archives for " blogging "

*W4*Let Me Help You to Help You in The Long Run * W4*

                                                   

                                                                     W4

                 
      Let’s help you to not owe tax­es at the end of the year or to give you a lit­tle more back. If you are one of my cus­tomers and you owe after read­ing I’m going to be upset with you, seri­ous­ly. This form does impact your tax­es at the end of the year rather you want to believe it or not.
     SO WHAT IS A W4? A w4 is a form that your employ­er gives you when you first start work­ing at your job and it’s the Employ­ees With­hold­ing Allowance Cer­tifi­cate, it tells your jobs pay­roll peo­ple how much fed­er­al with­hold­ing to tax or hold from your pay­checks. Once that form is filled out it will present a SPECIAL num­ber and that SPECIAL shows the num­ber of allowance you have, and by that Spe­cial num­ber, they deter­mine your with­hold­ing.
     Hope­ful­ly, that part didn’t con­fuse you and your still here. Believe it or not, when I first start­ed doing tax­es I still didn’t know what to put for that spe­cial num­ber. W4 form

    When going through the paper to fig­ure out this once again a SPECIAL num­ber, you have to count your depen­dents because that’s where you get your exemp­tions. That’s a deduc­tion of $4,050 (as of 2016 tax­es). An EXEMPTION is basi­cal­ly a reduc­tion of the amount of income that is tax­able. if you make XYZ for the year and your have 3 dependent’s they reduce the amount of XYZ. Last year that num­ber was $4,000 it changes each year don’t quote me on this but I want to say by infla­tion.
    *if you can’t be claimed as a depen­dent by any­one else but your­self you then get one exemp­tion for your­self. If you are mar­ried with 1 kid under the age of 19 then you get three, and so on.

THE MORE ALLOWANCES YOU CLAIM, THE LESS TAX IS BEING TAKEN OUT OF YOUR PAYCHECK.{ YOU HAVE MORE PEOPLE TO FEED SO YOU NEED MORE MONEY OUT OF YOUR CHECK, IS HOW I EXPLAIN TO CUSTOMERS}
     -EACH ALLOWANCE REDUCE THE AMOUNT OF WITHHOLDING
      -NORMALLY YOUR ALLOWANCES ARE YOURSELF, DEPENDANT KIDS, AND YOUR SPOUSE
 
  The num­ber you claim on your w4 doesn’t nec­es­sar­i­ly have to match the num­ber you claim on your tax­es.
Claim­ing less dependent’s on w4 means that you’re hav­ing more tax being with­held which can result in you being a hap­py per­son once you file your tax­es because you are get­ting a big­ger refund. Also look at it as you’re being the nice con­sid­er­ate per­son your par­ents raised you to be and you’re giv­ing your won­der­ful gov­ern­ment an inter­est-free loan.
If you had a lot tak­en out and didn’t get it all back low­er your with­hold­ing. ITS YOUR MONEY AND YOU WANT IT NOW. Vice Ver­sa if you claimed more allowances and didn’t have the means to do so your gonna owe them some tax­es and you may be penal­ized.
       Below I’m going to break it down a lit­tle more for who­ev­er I may have con­fused, or I need to bet­ter elab­o­rate so the con­cept is well under­stood.

      These are my opin­ions this is what I would per­son­al­ly do, this is not me say­ing this is what any­one should do or this is the best thing to do. I AM ME AND YOU ARE YOU, AND THIS IS WHAT I WOULD DO.

ONLY ONE JOB
-sin­gle one allowance

YOU HAVE A CHILD-
add anoth­er allowance; for each child (got 4kids do sin­gle with 5 one for you and all your chil­dren)

SINGLE BUT WORKING TWO JOBS
-sin­gle zero; due to more mon­ey high­er tax rate you need more tak­en out.

STUDENT NO KIDS, NO SPOUSE UNDER 24 AND PARENTS  CAN CLAIM YOU
-Sin­gle zero allowances

MARRIED AND YOU BOTH WORK- I would say who­ev­er is get­ting paid more or actu­al­ly have a high­er AGI needs should claim.
     .Mar­ried and all the allowances (for high­er AGI spouse)

      -Mar­ried zero allowances(lower pay­ing job)

  

Anoth­er thing is you have a new baby or get mar­ried start anoth­er job I would sug­gest chang­ing your w4.


Student Financial Aid and Assistance

     






      It is now the end of MAY if you are a grad­u­ate (Con­grats class of 2017) or return­ing to school you should have turned in fas­fa and have received doc­u­ments back. If any­thing you should have received your finan­cial aid award let­ters. These let­ters are to inform you of the dif­fer­ent amounts of aid you qual­i­fy for, such as the atten­dance cost, room and board and I  what they expect your fam­i­ly to help you out with. Yes these num­bers are super excit­ing to see but don’t jump right into it, I know I know you are ready to leave and par­ty like the rock star you always want­ed to be. Become the young adults your par­ents have been scold­ing, mold­ing and shap­ing you to be. I would sug­gest you wait until you have heard from all of the schools and see what fits you and your family’s bud­get. 

         While over the sum­mer or the course of the months, since you have sub­mit­ted your FASFA, things may have changed. If at all finan­cial­ly DONT FORGET TO INFORM FINANCIAL AID ADMINISTRATOR OF A SIGNIFICANT CHANGE. Send a let­ter and it doesn’t have to be lengthy at all of the cir­cum­stance and if you can send in some paper work to prove or to let them see what you are inform­ing them of. Trust it will expe­dite the process for you.
        Anoth­er thing make sure you keep copies of the things you send to them as well. That’s every­thing not only the changes that has been made. If you are trans­fer­ring or return­ing to school make sure you have the school you are leaving/have left sends over all the nec­es­sary doc­u­ments to your new school. Even if you are blessed enough to not need the FASFA.

    

       Now before school starts will be a good time to do stu­dent loans and par­ent loans. Below are some links to a few with descrip­tion. I can assist if you need help, or FASFA sent you ver­i­fi­ca­tion of eli­gi­bil­i­ty you need which they want to see w2 and tax doc­u­ments. I can also assist and stir you in the right direc­tion to get these forms if you or par­ents don’t have access to these any more.

STUDENT AND PARENT LOANS TO LOOK INTO:
Sub­si­dized Stafford Loan
Perkins Loan
Unsub­si­dized Stafford Loan
Sal­lie mae

                             

      It’s a ton out there, bad cred­it, cosign­er, no cosign­er, com­mu­ni­ty col­lege. I have tons of info on schol­ar­ships if I can be of any assis­tance let me know . The best thing to do is to go to a web­site like www.fastweb.com and let them ask you ques­tions and see what you qual­i­fy for. I’m sure your school has let you know it’s just about a schol­ar­ship for every­thing, as well as how to apply and how to win schol­ar­ships if not I have slight clue or some help­ful sources. Email tashas­taxtalk@gmail.com and I will be more than hap­py to send over or assist with info.  Don’t for­get to ask for rec­om­men­da­tion let­ters. As well as send­ing a thank your let­ter. An accom­plish­ment resume is always a good look too. Once again con­grats and make col­lege the best grow­ing expe­ri­ence ever.

Donald TRUMP

                DONALD TRUMP           









             Have you seen the news on CNN ?
It’s crazy how peo­ple are just now see­ing this guy for who he is. I per­son­al­ly believe he came in to run for office with an agen­da. Trump is a busi­ness man. I solute him 100 per­cent on his busi­ness mind­set. I am a firm believ­er mon­ey is the root of all evil and Trumps motive is mon­ey.
     The way he respond­ed to ques­tions in the media, his mind­less out­burst to jour­nal­ist was no way shape or form how any real human con­duct them­selves after the age of three. 
     Trump’s polit­i­cal posi­tions, and his descrip­tions of his beliefs, let’s just say change more often then I do before leav­ing the house. He has shown to be so much of a con­tra­dic­tion through out his elec­tion cam­paigns as well as in office. 
TRUMP GOES TO THE MIDDLE EAST TO STRIKE A DEAL. As I scratch the hell out of my head, think­ing wasn’t he say­ing he has evi­dence they were behind 9/11. This man is crazy and all over the place.He is  pop­ulist author­i­tar­i­an big­ot he favors the  for­tu­nate yes I mean the rich and he believes his is , so to speak life and every­one is below him. 
       He is caus­ing a tan­gled web ques­tions about the for­eign pol­i­cy of the Unit­ed States—about its exter­nal pur­pos­es, its inter­nal cohe­sion, and then wants to know its chances of suc­cess some­thing we don’t know or can be answered right off the back. . Yet to under­stand a moment as strange as this, we need to untan­gle what has hap­pened before it’s to late. 
     Angela Merkel Is con­fused as hell right now why he would be the only per­son not sup­port­ing the Paris cli­mate treaty. Which sup­pos­ed­ly he is sup­pose to with­draw hmm I won­der why. Noth­ing to do with the envi­ron­ment but I’m sure that look what he did for Amer­i­ca smh.   
   Just like I tell my chil­dren and every­one else 
PEOPLE AREN’T AGAINST YOU JUST FOR THEMSELVES .




Check out this in 

google play


Is Your Blog Taxable

       



If you are a paid blog­ger, and made over 400 dol­lars of income you have to report it on your tax­es? Yes that is cor­rect. That’s not just a blog­ger, a babysit­ter, hair­dress­er, self con­trac­tor. A self con­trac­tor or free­lance your basi­cal­ly self employed you are giv­en a 1099 MISC at the end of the year.  When giv­en a 1099 MISC (mis­cel­la­neous) you have no tax­es tak­en out.


😠 Yes I know dis­heart­en­ing to most. Your think­ing you didn’t have enough tax­es tak­en out, you are going to owe, and your are being self employ­ment tax. What ever it is you do for work more then like­ly you have some kind of expens­es. lets take a blog­ger for exam­ple, here are some expens­es for you to claim

Blog­ger fees
  •  domain sub­scrip­tion
  • blog main­te­nance
  • the new mouse you bought because you are always click­ing away,
  • the new lap­top you have because it is used for work,
  • A por­tion of your home
  • host­ing fees
  • sup­plies
  • inter­net
  • meet­ings
       Those are some of the things that can be claimed for expens­es. If you want to know more about the income por­tion it will be anoth­er blog for that. Find out if those gifts received, from oth­er peo­ple for ser­vices count as some­thing con­sid­ered as income.
      Anoth­er thing I would sug­gest would be a log it comes in handy when you need to know how much you paid out and how much income came in. KEEP RECEIPTS  IRS may ask for these to ver­i­fy and see how you con­struct­ed these num­bers.
     Any ques­tions you can email me. Also don’t for­get to sub­scribe and or share the infor­ma­tion. If there is any infor­ma­tion you feel is help­ful to oth­er peo­ple leave in the com­ments. KNOWLEDGE IS POWER

afcc5c95b381b7b393d5d2cb1b52def9e0102b50fbe39be0d5