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

    Jan 22, 2010, 02:32 PM
    what if my husband claimed exempt all year and i claimed one will we still owe?
    My husband claimed exempt (was supposed to be temporary, but payroll accidentally forgot the change it back per request and new w-4 form)... I claimed 1 all year. We have 2 children and are married filing jointly. Avg gross yearly income = 54,000.00, will we still end up owing (Thanks to our employer)?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 25, 2010, 02:57 PM
    I just got done doing a tax computation for someone who had $50,000 in income with withholdings of $1,200.

    Their tax liability was $2,769 on $24,000 in taxable income.

    YOUR taxable income is $28,000, so your tax liability is $3,369. You should get $2,000 for the Child Tax Credit and $800 for the Making Work Pay credit.

    That leaves a total tax liability of $569, which I suspect is LESS than what you had withheld from your job.

    BOTTOM LINE: Your refund will not be large, but you will NOT owe any additional taxes.
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!

Can a 401k distribution taken in one year be claimed as income on the preceding year [ 3 Answers ]

If I take a 401k distribution in January 2010 can I claim it as income on my 2009 tax return?

Claimed me [ 1 Answers ]

How can I find out who claim me as a dependent without my permission

How do I know who claimed my son last year? [ 2 Answers ]

I told my aunt she could claim my son to help us out with some money. She gave me the money and now this year she is saying that they never gave her the money for my son so I owe her that money this year when I file taxes. How do I find out if she really did or did not get the money for my son?...

How do I file my taxes if I worked all year but my dad claimed me to? [ 3 Answers ]

I don't know how to do that.Please help.

My husband filed before and claimed the kids will I get to claim them too or will it [ 3 Answers ]

Me and my husband are separated he claimed the kids first I was supposed to I wonder if the social numbers will go through when I file or if it will reject them I think my husbnd claimed my kids illegally I think my husband claimed my kids Becauce I filed on the computer first but it...

View more questions Search