How Much Do I Owe in Taxes? Income Tax Calculation

A Penny Pinchers Guide to Personal Finance 8 views

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@APennyPinchersGuide
Should you get a tax refund this year?
Comment from : @APennyPinchersGuide


@Oh1s
Thank you so much as an 18 year-old who has to do taxes for the first time This really helped me out a lot thank you so much It gave me a better concept on what I need to be prepared for for taxes and how to do them if I want to do them on my own or at least get a rough draft thank you so much again
Comment from : @Oh1s


@eclipseUFO
I think I going to learn
Comment from : @eclipseUFO


@Johnny_boii84
This is so confusion
Comment from : @Johnny_boii84


@linden5576
I need help! Maybe you can help? Here is my situation…brbrI receive widow Social Security, my husband passed away I am 61 I receive Social Security and pension I live in Michigan They don’t I don’t pay taxes in Michigan on my Social Security And so far I haven’t paid taxes on my pension but, I received a statement in 2021 from my local Social Security department stating that I may have to pay taxes on my pension I’m not sure how they calculate how much you owe but something about adding all your income together I guess? I don’t know I don’t understand the paper!brbrI receive $1571 a month in Social Security Not SSI! Not disability!brI receive $98004 a month in pension This is a Teamsters pension from my husband’s work Both of these incomes I will receive for eternitybrbrHow much would the taxes be that I will owe on my pension because they’re not gonna tax my Social Security just the pension? I need to start saving now so I can pay when I file my 2022 taxes in February 2023brbrI have a 30 year old son that lives with me that’s unemployed and right now his drivers license is removed due to seizures So he can’t work right now he’s under medical He does not receive any kind of government funds I do claim him on my taxes every yearbrbrThank you, great video!
Comment from : @linden5576


@leneijegood7173
Good to know I'm not the only confused one This is like a foreign language No matter how many videos I watch it just doesn't make sense whether I file ahead of time or at the last minute CPA or no CPA So either I'm slow or taxes is overly complicated for no legit reason
Comment from : @leneijegood7173


@jleighton9725
This is too confusing why you cannot just make a simple sample
Comment from : @jleighton9725


@dillonbell65
Sorry to inform you, but your link doesn't work
Comment from : @dillonbell65


@marcomorales3641
you should talk a little slower , good info though
Comment from : @marcomorales3641


@DeniseStovall
I have no idea how to complete Part II 4 - I am waiting on my CPAcan I est total tax liability blank?
Comment from : @DeniseStovall


@artistrybyjeanette7087
Hi, i need help filling this out too I have a similar situation from your video, im single and no dependants, I have three w-2 forms I still dont understand how to calculate if i owe anything back I usually don't but i was fillng out my turbotax today and it says im owing about $500 or so back, but i need a second opinion if thats even correct Help pls!
Comment from : @artistrybyjeanette7087


@ethanbrule7865
I'm so lost, I wish the government made filing way easier It's so overwhelming
Comment from : @ethanbrule7865

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