My husband keeps saying I am not having enough taken out for federal taxes. I have two children and am a school teacher. My base wages for 2006 were 34350 but my medicaid/ss wages were 37068. ( I have some pretax deductions, like health plan, etc). My fed taxes are 2638.30
2007-01-16 07:51:23 · 4 answers · asked by Nicole B 2 in Business & Finance ➔ Taxes ➔ United States
a teacher at 34k is very very good. You are on a retirement plan which is why the differences on your base and medicare wages. Its tough but are you claiming the two kids on your w-4 in fact you could claim up to 4 in this scenario (counting hubby maybe the post below me may be right). if you went four you probably didn't pay enough. I have zero max tax taken out and get it back the following year.
Try this site its pretty accurate and i use it from time to time as a guide to help me. http://www.paycheckcity.com/
2007-01-16 07:58:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If your husband is working as well, both of you cannot use the "standard" W-4 withholding allowances. You need to use the two-wage earner worksheet on page 2 of the W-4 to calculate your withholding. If you have stuff that makes itemized deductions better (i.e. mortgage interest and property taxes), this affects your withholding allowances as well.
2007-01-16 07:58:21 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
He's probably right that not enough is being taken out. Don't ditch the pre-tax deductions - those are saving you money. Adjust your W-4 so more is taken out.
2007-01-16 07:56:54 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
your husband is right...you can do the same thing I did and efile your taxes through expresstaxrefund.com
2007-01-18 07:19:36 · answer #4 · answered by mark 1 · 0⤊ 0⤋