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How much taxes will be taken out each paycheck? Texas?
I want to find out how much i should calculate to be taken out each check
I am single, I have a roommate. not sure who files head of household. and which saves money, I want the least bit of taxes taken out of my check since i dont care really what i get back at the end of the year anyways. Just dont want to pay anything out. What is it for texas? 15- 20% ?
5 Answers
- Bostonian In MOLv 71 decade agoFavorite Answer
You cannot file Head of Household based upon having a roommate. If you have a child or are caring for an elderly parent and pay more than half of the cost of maintaining a home for them then you can. But roommates don't quailify you to file HoH.
Your withholding will depend upon your gross income each pay period. The higher your income, the more is withheld and the rate will also climb as your income exceeds the various tax brackets.
You'll pay 7.65% for FICA, up to $97,500 in wages and 1.45% beyond that. Federal income taxes will vary from 0% - just under 35% depending upon your total wages. There is no state income tax in TX so there won't be anything there.
Go here for some handy estimators: http://www.paycheckcity.com/
- 6 years ago
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RE:
How much taxes will be taken out each paycheck? Texas?
I want to find out how much i should calculate to be taken out each check
I am single, I have a roommate. not sure who files head of household. and which saves money, I want the least bit of taxes taken out of my check since i dont care really what i get back at the end of the year anyways. Just...
Source(s): taxes paycheck texas: https://tr.im/tdEVn - Anonymous1 decade ago
FYI: You may only file head of household if:
must be unmarried and you must have paid more than half the cost of maintaining as your home a household that was the main home for a qualifying person for more than half the year. You may also qualify for head of household status if you, though married, file a separate return, your spouse was not a member of your household during the last six months of the tax year, and you provided more than half the cost of maintaining as your home a household that was the main home for more than one half of your tax year of a qualifying person.
meaning you have to have a dependent to claim head of household
about taxes:
u should go here for info on federal taxes
http://www.irs.gov/formspubs/article/0,,id=164272,...
Texas State Tax info
TEXAS No State Income Tax
Source(s): I am a Tax Specialist www.irs.gov - 5 years ago
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- kateLv 71 decade ago
Your roommate has Zero effect on your taxes .
Only a married partner or dependents affect taxes .
The feds will take taxes and FICA for about 15 to 20 % . ( rate goes higher as income goes higher )
Texas may also take taxes and probably sdi for another 5 % .
Welcome to the grownup world of working for the government .
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