Hm... I dunno what I have checked. My husband has no federal taxes taken out of his check, and we didn't have enough stuff to itemize this year to even do itemized deductions, and we still wound up getting about a grand back. I tweaked stuff a couple of years ago when my husband's job situation changed, but I still don't have it quite right. I'd like to break even, but I haven't found the magical formula yet.
On 2/22/07, G Money <[EMAIL PROTECTED]> wrote: > Welp, I completely fucked up my 2006 taxes. 2006 was the first year that my > wife and I were both filed as "Married" for the entire year on our W4. I > kept 1 allowance, she claimed 0. Turns out, clicking that one little > 'Married' box causes your federal withholding percentage to drop FAR below > what is actually owed in income taxes. > > Put another way, we owed about 15% in federal income tax (after deductions, > et. al). Marking "married" as our filing status caused our companies to > withold about 11%.....leaving us with a nice fat deficit at the end of the > year. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Upgrade to Adobe ColdFusion MX7 Experience Flex 2 & MX7 integration & create powerful cross-platform RIAs http://www.adobe.com/products/coldfusion/flex2/ Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:228681 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
