OT: Anything Goes 33: What'cha Drinking?
- Thread starter Blackhawkswincup
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I apologize, that is what I did, since I just pay benefits and she only pays 401k, I took my total gross pay minus all my benefits and her total gross minus 401k.
BK
"Goalie Apologist"
There you go.
Thinking you will get a refund then having to pay would be terrifying to me. I over plan for stuff like that.
BK
"Goalie Apologist"
ChiHawks10
Registered User
Those should both be included in some way. They don't "mean nothing" when filing your taxes. There's a reason why they're included in TurboTax as fields you fill out for income.
ChiHawks10
Registered User
There still has to be something wrong... unless you're making a ton of money combined, and not having much withheld at all(which would be weird since you guys claim 0 and 1), you shouldn't owe... like ever.
On hers, yes. On mine, no.
Those should both be included in some way. They don't "mean nothing" when filing your taxes. There's a reason why they're included in TurboTax as fields you fill out for income.
I mean I know they are not meaningless, but they don't count towards my fed withholding.
BK
"Goalie Apologist"
ChiHawks10
Registered User
Anything to do with that I make 2 x as much as she does and I claim an allowance and she does not?
ChiHawks10
Registered User
Shouldn't. If you're making double she is, your withholding is likely close to double hers...
Something just doesn't seem right... but I can't put my finger on it.
I'm no tax professional, but I've been doing my own taxes since I was 18, including itemized when I owned a condo and such. So it's not like I'm clueless. But this is weird... All the info you gave says you should owe nothing, or get a refund.
Also... remember that most those tax estimators usually don't include child tax credits and things like that...
b1e9a8r5s
Registered User
The only thing I can think of is that Taxcaster doesn't ask me if I am in Texas. So when I put 0 state withholding it hits me.
ChiHawks10
Registered User
Yeah disregard that.
So I get to the step that says "Federal Withholding" and the little ? Says enter in ALL federal withholding.
Medicare and SS are technically fed withholding or no?
I'll figure it out and let you know .Maybe I'll give my CPA a call. I had one when I had a trust. I don't want to bog down the anything goes thread.
Thanks for suggestions all .
ChiHawks10
Registered User
RayP
Tf
- Jan 12, 2011
- 94,103
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Was an independent contractor for years. This will be the first time in quite a while my wife and I will actually get a return, and quite a nice one.
Although probably just going to toss it in savings towards a down payment.
Although probably just going to toss it in savings towards a down payment.
Figured it out.
I should be claiming 0, not 1. Child Tax Credit saved me.
I should be claiming 0, not 1. Child Tax Credit saved me.
- Aug 24, 2011
- 28,769
- 13,786
- Aug 24, 2011
- 28,769
- 13,786
I’ve found it easier to just give a solid tax guy $150/year to just get it done. They’re tough to find though. Nothing I’ve heard about the H&R Block-esque agents was encouraging.
Granted, I’m a bartender with no dependents so my tax situation is a lot different than most of you.
Granted, I’m a bartender with no dependents so my tax situation is a lot different than most of you.
clydesdale line
Connor BeJesus
- Jan 10, 2012
- 25,473
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b1e9a8r5s
Registered User
I'm looking forward to it. Going to have some fun with my oldest building a snowman and "sledding" (pulling her on the sled). There hasn't been hardly any snow this winter so far.
Blue Liner
Registered User
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