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dogboy@5 · Dec 22, 2009, 05:03 PM

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

Fr_Chuck · Dec 22, 2009, 05:17 PM

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

ScottGem · Dec 22, 2009, 05:18 PM

Because the withholding tables show you not owing fed taxes.

dogboy@5 · Dec 22, 2009, 05:47 PM

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

dogboy@5 · Dec 22, 2009, 05:58 PM

Originally Posted by Fr_Chuck

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

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

ScottGem · Dec 22, 2009, 06:30 PM

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

AtlantaTaxExpert · Dec 23, 2009, 07:50 AM

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!