My boyfriend and I earned around the same amount of income last year, as a matter a fact I earned a little more than him. But they withheld less Fed Taxes from me than him (1,000 dollars) why?
2007-02-06 03:16:41 · 4 answers · asked by Just ME 2 in Business & Finance ➔ Taxes ➔ United States
We have both filled as singles with no dependents.
So now that We do my Income Taxes am I going to have to pay and he is going to get a return????
2007-02-06 03:27:10 · update #1
Also, making slightly more than him may push you into a slightly higher tax bracket..
2007-02-06 03:23:52 · answer #1 · answered by Paul 2 · 0⤊ 0⤋
Income tax is based on your filing status. If you & your boyfriend both filed as single with no dependents your tax should have been roughly the same. Possibly you filed as single with a dependent?
2007-02-06 11:22:36 · answer #2 · answered by ? 7 · 0⤊ 0⤋
Your withholding amounts are based on your W4 that you fill out when you start a job. Do you claim single 0, single 1 etc.
2007-02-06 11:23:08 · answer #3 · answered by his temptress 5 · 0⤊ 0⤋
Most likely your withholding exemptions were not the same. If you had one exemption on your W4 and he had 0 on his, that would explain it.
It's also possible that one of you had pre-tax deductions from your pay.
2007-02-06 11:31:02 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 0⤋