I have lived and worked in the same state, KY, for years. I moved to
OH in October 2006 and still work in KY, but my HR department did not
change my state withholding tax from KY to OH until spring of 2007.
Since my 2006 W-2 only referenced KY, I only filed a KY state return.
Now I understand that was a mistake, and I should have filed in both
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I am a little confused. Last year between me and my spouse we earned
almost 380K( to my surprise). I have paid around 117K in taxes so
far(which is 31%).
My question is :
1. How much taxes do I owe (%) Is it 35% or 28%?
2. Will I be subject to AMT.
I live in NY
Thanks
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My high school senior recently got accepted to a top-tier college for fall
2008. I have saved about $300,000 in a 529 account for her. Costs will be
about $50,000 per year for 4 years plus beer and Cancun money.
How do 529 account withdrawals work taxwise? What records do I need to keep?
I plan to withdraw about $60,000 per year...$50,000 for the fixed costs to
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[red][b]The United States Medical Licensing Examination(tm) (USMLE(tm)) [/
red][/b]
[link]
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I was laid off from my job a year ago right after I turned 55. After
a full year of unemployment and living off my unemployment benefits
and savings, I am pretty much out of money and need to turn to my
401(k) for a distribution. Having been laid off at 55, I was told
that I could dip into my 401(k) before age 59-1/2 without any penalty.
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