Ask Experts Questions for FREE Help !
Ask
    FishMan3's Avatar
    FishMan3 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 18, 2008, 10:47 AM
    Income Tax issues
    My wife and I had to pay when we filed this year (2048)and would like to know how to better balance what is taken out for this next year. She makes around 35K and I make 30K, we filed jointly this year. We changed our W4 last year do to the advice of Turbo Tax 06 and my wife getting her job. Any advice?:confused:
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 18, 2008, 10:53 AM
    You both should reduce your W-4 exemptions by ONE and ONE of you needs to change from MARRIED to SINGLE status; that should cause enough money to be withheld to get you back on track.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

On NJ Tax form, for income taxed by NY, do I use the NY AGI or NY Taxable Income amt? [ 1 Answers ]

When filling out the NJ Income Tax form, I have to identify the amount of income taxed by NY State. Do I use the Adjusted Gross Income value (NY form IT-203) line 31, or the NY Taxable Income value from line 37?

Wealth & Income Dispersion, Income Mobility, and Economic Injustice [ 20 Answers ]

There's a lot of trash being talked here and elsewhere these days about how income and wealth are distributed among the US populace, how these distributions are changing, what is causing these changes, and whether those changes are benign or malevolent. Beyond that lie the questions of whether,...

2006 taxes: F-1 OPT Income & Foreign Income [ 4 Answers ]

Hi, I have a somewhat complicated question about my 2006 taxes... I came to the US in 2001 on a student visa (F1). After I finished my degree I worked one year under OPT, and I left when my OPT/visa expired in May 2006 and went home to my native country and got a job there. So basically I...

Errection issues or Attraction issues [ 3 Answers ]

Folks! - I have a problem. I'm 26, my girlfriend is 20 - We both hold eastern values (for the most part) and I've been with her for about 1 year now - we've been having regular sex everyday pretty much for about 8/9 months now - and by regular sex I mean sex every day, sometimes couple of times...

View more questions Search