taxes

[hensleyll]

I have worked with direct mail for the whole year so i get my w2 says they only took 152.00 in taxes but there is 50 a paycheck taken out,how can this be?

[CHANEYLAKEGIRL]

Are you including social security and medicare in what is coming off your paycheck?

[lgemini]

You need to know what taxes they are taking out of your paycheck.  There are several taxes that you pay into.

[hensleyll]

how do i find out

[monnee]

Look at your pay stub that comes with your paycheck.  It should list all the taxes that you pay. 

[Nehalp85]

ohk, But do you know is there any way we can save some money for tax benefits? ??

[melissaotto1982]

Contact the payroll department and make sure there wasnt a typo. Errors happen.

[hensleyll]

ok thank you will check it out

[Delphyne]

A W-2 should have boxes which shows which taxes were taken out.  There are boxes for federal, state, local, medicare, SSI, and others.

Your paycheck should have this information listed on the paystub.  The paystub of any check should show your total earnings, the taxes which were taken out by the type of tax, and the net amount (the net amount is your take home pay).

Also, if you have a 401(k), insurance, or anything else, it may be deducted from your paycheck but not necessarily included in your W-2. 

[ancmetro]

     Taxes, taxes and more taxes. Taxes on top of other taxes...it is real life!

[hensleyll]

no i have no 401k but it shows very little taken for taxes but oca someting or nothe,r medicare

[cloudeleven]

Ah, this thread reminds me I need to do my taxes! I always wait until early April because of all the last minute changes they usually make to tax laws and forms, plus procrastination.

[webe4angels]

maybe you should go and see a tax person...

most places will do it for free... then charge you

[mrisha]

I have worked with direct mail for the whole year so i get my w2 says they only took 152.00 in taxes but there is 50 a paycheck taken out,how can this be?

Take a look at the check stubs.  That should give you the whole amount for the year.  Simply add the totals and if there is a mistake, get in touch with HR.

[hensleyll]

well i am missing have of the pay stubbs