Paying no taxes for low income people


L

larry2001j

I have been going thru health problems and was living on
disability for the past 2 years. I am finally able to work,
but only on a part time basis, and only certain jobs that do
not require hard exertion. I just started working a minimum
wage job, about 20 hours per week. I have a lot of past due
bills and debt to pay off. I need everything I earn now. I
am below poverty level and I know I will not go over the
minimal required income to pay taxes, which means all my
money will be returned next April. I was told that if a
person knows that they will not exceed the mimimum income
limit required to pay taxes, they can do something which
prevents an employer from deducting any taxes.

My question is what can I do, or what form must I fill out?

I dont need the US government to maintain a savings account
for me, which is all that they do when the money is returned
at tax time. I dont get interest on that money, yet I ma
having to pay high interest right now on my debts. I'd
rather pay my debts off, than allow the government to hold
my money.

Thanks

Larry
 
Last edited by a moderator:
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J

joetaxpayer

I have been going thru health problems and was living on
disability for the past 2 years. I am finally able to work,
but only on a part time basis, and only certain jobs that do
not require hard exertion. I just started working a minimum
wage job, about 20 hours per week. I have a lot of past due
bills and debt to pay off. I need everything I earn now. I
am below poverty level and I know I will not go over the
minimal required income to pay taxes, which means all my
money will be returned next April. I was told that if a
person knows that they will not exceed the mimimum income
limit required to pay taxes, they can do something which
prevents an employer from deducting any taxes.

My question is what can I do, or what form must I fill out?

I dont need the US government to maintain a savings account
for me, which is all that they do when the money is returned
at tax time. I dont get interest on that money, yet I ma
having to pay high interest right now on my debts. I'd
rather pay my debts off, than allow the government to hold
my money.
you should look at the instructions for form W4;

http://www.irs.gov/pub/irs-pdf/fw4.pdf

It will help you do the math to calculate the number of
exemptions, or you can skip ahead to the "I claim exemption
from all withholdings" if you are sure to be in that category.
You should submit the request to your employer immediately.
Good luck to you.

JOE
 
Last edited by a moderator:

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