How much do I have to make before I'm taxed?

[Molly Meow]

I've made $1530.69 so far and my employer has yet to take any federal taxes from my check.

I filled out my W4 with "Married - 1."

Payroll said they don't have to take any out yet, that I haven't made enough, but they won't tell me when they'll start taking it out.

I don't want to end up owing a ton at the end of the year. I've checked out the IRS website thoroughly and haven't found the info I need.

Does anyone know?

Thanks in advance.

 

[LadyBears]

I just pulled my 1st paystub of the year. My employer took everything - Fed, State, etc right from the start. I do not make 1500.00 net weekly.
Hope that helps.

Maybe you could check the irs.gov website??

 

[jfulcer]

I believe that if you make less than the 'standard deduction' ($10,300 for 2006), you don't pay taxes.

You can use the IRS withholding calculator to figure this out what you should be paying:

http://www.irs.gov/individuals/article/0,,id=96196,00.html

Figuring based on what you said, earning $1500 every two months, you'd make $9k this year, well under the deduction.

Of course, I'm not a tax professional, but I would tend to think that your employer knows what they are doing based on your monthly wages.

 

[LadyBears]

I just pulled my 1st paystub of the year. My employer took everything - Fed, State, etc right from the start. I do not make 1500.00 net weekly.
Hope that helps.

Maybe you could check the irs.gov website??

Sorry for mistyping. I read it as 1500.00 weekly!
I haven't made much more than that up to this point, but my deductions were taken right from the start of the year....

 

[aprilgail2]

I've never had an employer not take out tax...sounds odd to me...I worked a few days for one company part time (it was a friends) to fill in for someone that was out for a few days...made 350.00 and there was state and federal tax taken out...there was also social security taken out which is a real kicker because at my real job we don't pay into social security, we have a private retirement fund, so I won't even have enough social security paid to ever collect it...

 

[luv2nascar]

I thought if you earned over $800 in a year you had to pay taxes???

 

[bicker]

I believe the law isn't about "having to pay taxes" but rather having to file a tax return. Regardless, here are the limits:

Who has to file a tax return?
Just about everyone has to file an income tax return, except for people with relatively small incomes. The amount of income you can earn without having to file a return is determined by your filing status, whether you are a dependent on someone else’s return, and if you have reached age 65.

For 2005, you must file a return if your gross income is above the following limits:

• Single, $8,200.
• Head of Household, $10,500.
• Married Filing Jointly, $16,400.
• Qualifying Widow(er), $13,200.
• Married Filing Separately, $3,200.

• http://moneycentral.msn.com/quickre...t=8&RefType=0&QAMode=1&QID=1685&Topic=9&Sub=4