I want a Divorce- Taxes!!!

[Anonymous]

Anonymous wrote:I've been married for 2 years and for the second year in a row, I (along with my husband) owe federal and state taxes. I got a decent refund while I was single and so did he. Last year (Ist year of marriage), we filed jointly and ended up owing. It was a highly annoying sticker shock but we paid it and adjusted our W4s to have our employers deduct more money through the year.

Imagine my chagrin yesterday when turbo tax says that we owe AGAIN this year and this year's bill is even higher than last year. That's it!, I want a divorce, this is ridiculous. Neither one of us are high earners and we have a little girl so it's not like we are living high on the hog as it is. But to have to fork out money that we don't have to pay a yearly tax bill is not something I want to deal with yearly.

I (and I suspect my husband) was perfectly fine being unmarried in a relationship. We only got married because of our child, whom, Uncle Sam now says that we can only claim a minimal child credit deduction for because we 'earn too much'. Whaaaaatt?

I am filing for divorce. This is bullshit.

+10000!!! Unless you own a home and/or have multiple children, you're gonna owe. It's ridiculous. But my neighbor with 7 kids working 10 hours a week will get a 10K refund in addition to housing voucher, food stamps, medicaid, etc.

[Anonymous]

Anonymous wrote:Don't use turbo tax!

Why not??

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't use turbo tax!

Why not??

ditto, why not? I use it - been perfectly happy with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've been married for 2 years and for the second year in a row, I (along with my husband) owe federal and state taxes. I got a decent refund while I was single and so did he. Last year (Ist year of marriage), we filed jointly and ended up owing. It was a highly annoying sticker shock but we paid it and adjusted our W4s to have our employers deduct more money through the year.

Imagine my chagrin yesterday when turbo tax says that we owe AGAIN this year and this year's bill is even higher than last year. That's it!, I want a divorce, this is ridiculous. Neither one of us are high earners and we have a little girl so it's not like we are living high on the hog as it is. But to have to fork out money that we don't have to pay a yearly tax bill is not something I want to deal with yearly.

I (and I suspect my husband) was perfectly fine being unmarried in a relationship. We only got married because of our child, whom, Uncle Sam now says that we can only claim a minimal child credit deduction for because we 'earn too much'. Whaaaaatt?

I am filing for divorce. This is bullshit.

If you don't want to pay through filing your taxes, you and your spouse need to lower your deductions at work and more will be taken out every paycheck. There has always been a marriage penalty. It isn't new.

INCREASE deductions not lower deductions to have more taken out.

[Anonymous]

Its called the marriage penalty. We have gotten hit by it every year. It helps to own a house. Until we bought our house, we owed every year.

[Anonymous]

No. You lower deductions if you want more taken out.

Zero eeeuctions withholds the most.

[Anonymous]

Anonymous wrote:No. You lower deductions if you want more taken out.

Zero eeeuctions withholds the most.

You are confusing deductions with exemptions.

[Anonymous]

Dude, there is a form on your W2 to help you figure this out. It is not hard. Do extra withholding.

[Anonymous]

We re-fied last year and our mortgage interest went from 30k last year to 18k this year. Sucks to be getting hardly anything back this year vice our normal 5-10k, although I guess paying 12k less to the bank has been awesome. Two things are always guaranteed in life, right? Death and taxes

[Anonymous]

Anonymous wrote:This year there is a new medicare tax to help fund aca

Yeah, and if they have to pay it, cry me a river about their tax problems. That means they earn more than $250,000.

[Anonymous]

$250k isn't exactly super wealthy around here especially if you have dual-incomers with multiple kids in child care or private school...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most programs like Turbo Tax can help you adjust your withholdings. We use it to adjust so that we owe nothing and get very little refund either. I'd rather have my money come to me throughout the year than be refunded.

My dad explained this to me with my first job. My refund is $400, which means I got my money throughout the year. Next year will be nice since I returned to grad school this January.

I like to owe money to the gov't. I don't want them holding my money hostage all year.

Yeah, this. I laugh at people who celebrate large refunds. What dumbasses.

[Anonymous]

OP, do you itemize or use the standard deduction?

[Anonymous]

Anonymous wrote:$250k isn't exactly super wealthy around here especially if you have dual-incomers with multiple kids in child care or private school...

Um, yes it is.

Signed, someone who makes $250,000.

I love how you threw in "multiple kids in private school" as if that's some basic living expense. Give me a break.

[Anonymous]

We owed 4k last year even though we have a 3k a month mortgage (good for deductions). It's sooo unbelievably ridiculous because before marriage we'd each get around $1500 back.
There is definitely a marriage penalty.