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FAQ

Did the size of the check people had to write to the IRS in 2019 cause them to change their W-4 tax forms? Should it have?
As one who has seen and answered several taxpayers concerns, I not only witnessed but encouraged taxpayers to change their W-4 Forms with their employers since it saved many taxpayers from penalties for underpayment and also quarterly payments. It is much easier for the taxpayer to have their prepayments taken each pay-period rather than coming up with a sizeable amount quarterly or at the end of the year and since it may be delinquent, you would be penalized with estimated tax penalties, underpayment plus interest.Personally, I would rather receive a refund than worry about additional penalties.However, if I were to have received a very large refund, I would also adjust my W-4 so I would have access to more of my money (that way I may either invest it or receive interest on it).Just my opinion.
Is the Internal Revenue Service considering removing the withholding allowances from the W-4 for 2019?
Yes, the Internal Revenue Service’s draft Form W-4 for 2019 eliminates withholding allowances.Instead, an employee will write the employee’s amount of interest income and other nonwage income not subject to withholding; the amount of itemized tax deductions and other tax deductions; the amount of child tax credit and other tax credits; and income from their own and their spouse’s other jobs.Employees who do not want to report all of this personal financial information to their employer can use the Internal Revenue Service’s online calculator and write the figure from the online calculator on the form instead.https://www.irs.gov/pub/irs-dft/...
Should people who claim greater than 0 on their W-4 revisit their 2018 withholding allowances based on changes to the 2019 tax laws?
Everybody should complete the new W4 worksheet to insure the proper amount is being withheld. You print one from the link below or get a copy from your Human Resources Office.https://www.irs.gov/pub/irs-pdf/...
I am married claiming 2 on W-4 I noticed that no fed tax is being taken out for 2019. They did take soc sec and Medicare but not tax. Why?
If you are paid weekly and have less then $392 taxable income or bi-weekly and make less then $784 taxable you wouldn’t have any taxes. Taxable income is gross -401k, pretax insurances or flexible spending accounts. If you make then that look at your paystub see what your tax status is. Many people check the EXEMPT block on their W-4. If you’re over the earnings limit contact your emplyer’s payroll department.
I’m planning to buy an iPad for long-term usage, maybe for about 4 years or so. Is it still worth it to buy the iPad Pro 10.5-inch w/ an A10X chip in 2019 or should I opt for the new iPad Air 3 w/ an A12 chip?
Apple product last for 5–6 years. So, a10x ipad pro 2017 will received os updates until 2022–2023 and iPad air 2019 will receive os updates until 2024–2025. iPad air 2019 have better processor than iPad pro 2017, but it have lower ram, lower refresh rate and lower rear camera.
What could $10,000 USD buy in Finland right now?
At the moment, 10 000 USD equals 8 787 EUR.Because of the taxes, some items are relatively more expensive to others when compared to the prices in other countries.In Finland, ~ 8 800 EUR would be the value ofan used car; not a very good one, I’m afraid! Let’s say an about 10 years old car with at least 60 000 miles or more (Cars are quite expensive in Finland because of taxes.) OR~ 1400 US liquid gallons of gasoline (98E) (Also expensive here!) OR~ 1600 US liquid gallons of organic milk (OR ~ 2900 US liquid gallons of regular milk; milk is cheap.) OR~ 10 US tonnes of potatoes (also cheap) OR~ 130 000 cups of home-brewed coffee OR about ~ 1 800 caffé lattes in an upscale café ORabout 18 square feet of an average apartment in Helsinki ORyou could live in a hotel for about 3 months (an abundant breakfast buffet would usually be included)Hope this helps! :)
How is it that I made over $40,000 last year but only getting $62 in state income taxes made way less in 2017 but got $500 back? Why?
So many possibilities.As others have said, in general, two types of people get money back: First, people who overpay all year for some reason (most people, and that’s what most people call a tax refund, the government generously refunding their overpayment!)Second, people who the government wants to encourage or take pity on. That is called a credit. When you’re down and out, the government says “how bout we give you $1000 per child you have, because parenting is hard!” Thus the Child Tax Credit. If you’re poor, they may give you a few thousand bucks for being poor, called Earned Income Credit. These are just backdoors to welfare by another name. I don’t even mean that in a bad way. I dream of a tax refund as much as anyone else. One more, Education Credits. If you were in school, they say Yay School! and give you money.So one of the questions I get asked the most is “why do I owe money, I’m just a single guy with no family and not in school working full-time! Why don’t they just tax rich people?” Well, the reality is at that point, this guy is rich people. He may make $15/hr, but with nothing “important” to spend it on, it couldn’t be more fair to tax anyone else! (Unless you believe that taxing none of all evenly is more fair, that’s up to you.)But the government will pay you or give you a discount for basically anything it wants you to do, get married, have kids, buy a house, go to school, give to charity, etc. And they’ll pay you for anything they take pity on: medical expenses, smart debt, moving expenses for a better life…Now this is an important part: with many Credits, you don’t even have to pay in to get the “refund.” Local strip mall tax offices are often crowded with people off the street, walking in with kids that aren’t theirs, and saying, “look at me, I have five kids, let me make up a few social security numbers for you so you can give me $5000! And I’m in school, and we live off $13,000/yr.” Really. The IRS isn’t stupid, but you can only go after so many people a year. And this will stay on their record til the day they die, so next year when they bring different kids or different social security numbers it’ll catch up. But in year one, it often works. Because Credits.Long story short, as you raise the ranks, if you pay the right amount of taxes, your refund will decrease. But more likely you’ll only raise the ranks by making good choices, which will increase your refund. Or you’ll face a disaster, which will increase your refund.
Which Quora users have the most followers?
I put together a quick site over a few hours on the weekend to generate a list of top Quora users (by followers):http://www.quoratop.com/It updates the numbers once a day for the users in the system. http://www.quoratop.com/?shortLi... generates a list suitable for pasting into a Quora answer:As of Mar 6, 2011:Robert Scoble has 20,196 followersEvan Williams has 19,565 followersKevin Rose has 18,712 followersTim O'Reilly has 15,483 followersJason McCabe Calacanis has 12,854 followersMichael Arrington has 12,670 followersLeo Laporte has 10,283 followersBiz Stone has 9,609 followersLoic Le Meur has 8,220 followersJohn Gruber has 8,105 followersJeremiah Owyang has 7,674 followersDave McClure has 7,637 followersDave Larson has 7,393 followersSteve Case has 6,452 followersJeff Jarvis has 6,450 followersDave Morin has 6,273 followersM.G. Siegler has 6,127 followersMark Suster has 6,077 followersBabak Nivi has 5,402 followersAdam D'Angelo has 5,340 followersLaura Fitton has 5,327 followersChris Messina has 5,032 followersDave Winer has 4,963 followersCharlie Cheever has 4,957 followersCraig Newmark has 4,707 followersDennis Crowley has 4,500 followersZee M Kane has 4,445 followersDavid Armano has 4,400 followersAdam Rifkin has 4,351 followersTara Hunt has 4,281 followersGina Trapani has 4,238 followersMike Butcher has 4,127 followersKeith Rabois has 4,032 followersMarc Andreessen has 3,993 followersAlex Payne has 3,851 followersRyan Carson has 3,817 followersDharmesh Shah has 3,812 followersBen Parr has 3,756 followersAnn Handley has 3,659 followersPete Cashmore has 3,603 followersDick Costolo has 3,590 followersMark Zuckerberg has 3,514 followersDoug Bowman has 3,338 followersDaniel Brusilovsky has 3,123 followersUser-10905341672312690904 has 3,005 followersWayne Sutton has 2,971 followersDustin Curtis has 2,934 followersDouglas Idugboe has 2,923 followersJoel Mackey has 2,898 followersRebekah Cox has 2,890 followersTristan Walker has 2,769 followersTamar Weinberg has 2,611 followersPhilip Kaplan has 2,599 followersYishan Wong has 2,594 followersChris Voss has 2,570 followersUmair Haque has 2,552 followersShervin Pishevar has 2,533 followersJesse Stay has 2,523 followersRobin Wauters has 2,440 followersEsther Dyson has 2,434 followersGabe Rivera has 2,391 followersLucretia M Pruitt has 2,390 followersAlexia Tsotsis has 2,360 followersDustin Moskovitz has 2,284 followersTracy Chou has 2,273 followersMatt Mastracci has 2,204 followersAndy Carvin has 2,150 followersKevin Green has 2,054 followersAaron Lee has 2,047 followersStowe Boyd has 2,026 followersDavid Sifry has 2,019 followersJimmy Wales has 1,988 followersRonald Yau has 1,956 followersJennifer Van Grove has 1,950 followersEdward Boches has 1,945 followersChristine Lu has 1,944 followersSaul Klein has 1,929 followersLiz Pullen has 1,896 followersMarc Bodnick has 1,815 followersFarhad Mohit has 1,806 followersMichael Wolfe has 1,791 followersWayne Mansfield has 1,774 followersNoah Kagan has 1,764 followersJason Keath has 1,760 followersMicah Baldwin has 1,740 followersBradley Horowitz has 1,739 followersEmily Chang has 1,738 followersMike Rundle has 1,681 followersReid Garrett Hoffman has 1,677 followersJeff Hammerbacher has 1,644 followersKaiser Kuo has 1,640 followersSusan Beebe has 1,620 followersRyan Sarver has 1,610 followersCaroline McCarthy has 1,560 followersOrli Yakuel has 1,554 followersOli Gardner has 1,553 followersSarah Perez has 1,514 followersChristina Warren has 1,508 followersFred Wilson has 1,493 followersCharlene Li has 1,469 followers