Here's my question, I make 32000.00 approx claim married with 3. Federal Taxes were taken out at approx 28-30 dollars per pay period. Presidents plan effected my check pay period ending 4/11/09 after that no fed taxes have been taken.Why is that

Have you went to your HR and asked them what changes were made ?

Because the withholding tables show you not owing fed taxes.

Thanks for the quick reply, but won't this cause me to owe at the end of the year?

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Originally Posted by Fr_Chuck

Have you went to your HR and asked them what changes were made ?

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There have not been any changes. I am still set up to have fed with holdings taken. My concern is owing when I file. Which is what is going to happen

That depends on the amount of deductions you have when you file.

Let's do some quick math:

Total income: $32,000
Subtract for THREE personal exemptions (yourself, your spouse, your child): $3,600 X 3 = $10,800.
Subtract for JOINT standard deduction: $11,100

Total taxable income: $10,100.

Approximate tax: $1,013

Subtract: $1,000 Child Tax Credit.

Total tax due: $13.

Based on your posting, prior to April 2009, you have OVER $13 withheld from your check, so you will get a refund, albeit a smaller one than if more money had been withheld.

This is what you want!

Because ANY refund is an interest-free loan to the government!