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Sunday, 21 January 2007

As far as taxes are concerned when do I stop earning money for the year? -

Is is the total income on my last paycheck of the year (received 12/26) , or everything I earn up until Dec 31st?|::::|It s the date of the check that is important, not when it was actually earned. So if you aren t receiving any more paychecks this year, then you will have no more wage income this year. You could still have bank interest income for the year if your bank deposits interest on the last day of the month or quarter.|::::|Last check of the year (12/26) because you will receive the next paycheck in January 2009. You could use that paycheck stub to do your taxes. (As long as you are not a complicated case, with other investments, etc. that need to be also considered.)|::::|Last check of the year.

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