"pharaoh" <itshot[at]thesun.com> wrote:

- quote -

IRS withholding calculator:

http://www.irs.gov/individuals/artic...=96196,00.html

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"pharaoh" <itshot[at]thesun.com> wrote:

- quote -

She's not having enough tax withheld?

--
D.F. Manno
dfm2a3l0t2[at]spymac.com
The problem with being sure that God is on your side is that
you can't change your mind, because God sure isn't going to
change His. (Roger Ebert)

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Every year, when I sit down and do our taxes, my wife's W-2
changes our refund to a large deficit (we owe Uncle Sam).

Thoughts? --- pharoah

Andy writes:
Tell your wife to quit her job. That way there won't be
any w-2

OR, you can increase her tax witholding to the point where
you will break even when you do your taxes. You can
increase the witholding to any level you want, up to her
entire paycheck.

Most people choose the second option, tho I think your wife
might prefer the first (grin).

Andy

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May be you are both taking double exemptions in tax
witholding (like, you treat your wife and children as your
dependents and she treats you and children as dependents).

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pharaoh wrote:

- quote -

marriage penalty? (I'm pretty sure) (If you do only your
wife's taxes, how would that come out?)

You can figure out ahead of time at least vaguely how this
is going to come out, barring large changes in income, and
have your withholding changed. I do that every year and so
far have gotten close enough each time that we didn't get
assessed a penalty by the IRS. - I have no intentions on
getting refunds, but I'd like to not owe a lot so that we
don't have to pay penalites and interst either. -

Maren, in HI, dealing with a similar situation (without a
California teacher)

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Howdy all,

Wondering if someone might be able to help me understand
something.

Every year, when I sit down and do our taxes, my wife's W-2
changes our refund to a large deficit (we owe Uncle Sam).

Thoughts?

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >