Quote:
Originally Posted by junkDNA
What do you mean ? I'm basically a child when it comes to tax/financial stuff...meaning I have little to no knowledge about it haha.
They offer an electronic w2 but I couldn't sign up for.it..i.missed the deadline. I would have gotten it a lot faster that way. I live in one state and work in another...so I have to pay to file 2 states even though I don't get income in one.
I also am on disability
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You may want to speak to
these guys (it's free) to figure out some of this stuff. They were fantastic when I first landed in the US and had no idea how to do any of the tax stuff -- I've also consulted them at other times when my taxes got a bit complicated (and, I actually don't fall into any of the categories that they cover but they were always incredible in helping me out in super short time).
The withholdings basically determine how much is held back in taxes from your paycheck each period. The more the withholdings, the less that is held back from the paycheck but potentially the more you have to pay up at tax time. It's basically the difference between letting the IRS have your money over the year (which would be interest-free) and then giving you a refund vs. your having the money over the year (which could collect interest) and then paying the IRS at tax time.
I'll stop giving any additional suggestions right about here (my tax knowledge ends at this point) but yeah, check them out if you can.