I've owed taxes for the past three years. I can't afford to pay?

Question

1000 dollars every year to the IRS. I'm married (we file jointly) and we own a house. Should I be claiming 1 or 2 on my W4 to get money back? I don't know what's going on.

Answer 1

To answer your question, if you claim a higher number of allowances on your W-4, they'll take less out, so you're more likely to owe when you file. You should probably both be claiming married -0 to try to break even at the end of the year instead of owing.

Answer 2

You and your husband both have to do the worksheet on the reverse side of form W-4; which is for two wage earner households. The lower wage earner should be claiming zero or possibly even, married, but withhold at higher single rate. Do the worksheet so you don't wind up owing.

Answer 3

Go see a tax accountant. I was in the same place you are and he saved me so much money. They said I own $2000 for something and on top of that he was able to get me $2000 back from the IRS that they owed me. I'm so glad I didn't just pay them. He did charge 200 but it was worth it.

Answer 4

Claim 0. Take out as much as possible. If you need money back more than the extra on your check, have them take out an extra 5-10 bucks a pay if necessary.

Answer 5

If you have two incomes making decent money at all, you must always both claim zero in order not to owe.

Answer 6

Take your taxes to a professional. If you are doing them on your own, you may be messing up. you shouldn't have to pay that much. they can go through your last few years and ammend any incorrections and may be able to reverse some of those charges. It might be worth the 300.00 you'll spend to have someone look at them.

Answer 7

Oops, you are in deep doo doo. IRS never forgets anyone. You should contact them and see what you can work out.