wavy daddy
Banned
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- Feb 21, 2016
How does it work when your married with kids?
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That still doesnt answer why one owes and the other receives when they both make the same amountCause the government take more money from his paycheck throughout the year.
There's no way to tell for certain without looking at their return. One could have passive income that adds to their AGI and increase their tax obligations, there a lot of different scenarios outside of just their paycheck.That still doesnt answer why one owes and the other receives when they both make the same amountCause the government take more money from his paycheck throughout the year.
How is it my boy gets a refund making $70k+ a year? Arent they in a different tax bracket? Single, no kids and doesnt own a home. I have a coworker same way but ends up owing. Pretty sure both claim 0.
NEVERword, went there once, paid some $250, and got the smallest return I've ever got. Never again.
nrg1604 covered most of it. But one can look at a "Percentage Method Tables for Income Tax Withholding" and a "Wage Bracket Method Tables for Income Tax Withholding"Right into my savings/emergency fund.
Can someone school me on withholding real quick?
My annual announcement. Strive for little to no return. Big returns generally mean you overpaid throughout the year and left that money on the table (opportunity cost). Obviously if you're prone to spend foolishly, then this forced savings may be best for you.
Carry on...
It's basically what rate do you want the government to withdraw from your paycheck based on the allowance you claim on your W-4 and your estimated yearly salary. People who are single should claim lower allowance because they don't have as many deduction as people married with kids, so they usually end up owing more in taxes.Right into my savings/emergency fund.
Can someone school me on withholding real quick?
Right into my savings/emergency fund.
Can someone school me on withholding real quick?
straight to savings man....
Baby mammas out here bought to EAT off their annual EITC bonus. Mine didn't even share it with the boy last yr
Son, I'm reading all this schift and I'm like why are they talking about taxes. Did Tax mention something about taxes in his podcast ?SMFH been on NT too long, I thought this thread was about tax's podcast
Agree Absolutely. Do not give the government an interest-free loan at your expense. Change your withholding so that you get more in each paycheck throughout the year.My annual announcement. Strive for little to no return. Big returns generally mean you overpaid throughout the year and left that money on the table (opportunity cost). Obviously if you're prone to spend foolishly, then this forced savings may be best for you.
Carry on...
What podcast OP?