JDMCQ's Garage

Hiya Bug ... I just don't have a clue. I'm spoiled, Kristi takes care of all that for us, I sign were I'm told to sign.

x2 B @AK27

Indeed on the quote, Hiya Tom.
How's the back these days?

 

Hey Rob


On the brightside the federal reserve announced today that they will be keeping the rates the same for at least another 3 months.

 

what's the question??


afternoon garage!!!

 

Hi Weesa

 

So since both my wife and I are working we put down 0 deductions and flip it over to fill out the Two Earners worksheet to figure out how much extra to take out of each pay check.



I have $3600 in line 8 for 2015. It says to divide that by the number of pay periods left in the year. I get paid weekly so it's 15. $3600/15 = $240. But say if I filled this out at the start of the year there would be 52 pay periods so $3600/52 = ~$70. I don't understand why I would put $240 instead of $70. If I had not paid taxes all year and had been working all year it would make sense, but I'm just starting. If I do put $240 then they will take $240 out of each pay check next year (unless I ask to redo the W4) and they will take out $12,480 for the year instead of the $3600 that the form asks for... It doesn't make sense to me

 

He's good and upsets his dad every diaper change... he won't hold still - wiggles LOTS

 

ow ow ow ow ... I hope Susan @ImpulseRed008 can answer that for you ... but I got halfway thru and my head started hurting. Needs another coffee.

 

You should do one for this year and re-do it the beginning of next year. Doing tax forms only work best when accounting for a whole year.

You said the number will be way off $70 vs $240 - did you take into account being paid the whole year next year vs only part of this year?

 

it's been a few years since I took my tax class, but, from my own taxes,

 

So when using Table 1 and 2 should I base it off of what I will make for the remainder of the year? I guess that would even it out more. I based it off of my annual salary in my offer letter.

If I do that it won't change Table 2 since it will still fall into the lowest bracket, but it would change Table 1.

 

Base if off this years income. No point in loaning uncle sam any more $$ for free.

 

He gets frustrated when Simeon wiggles - thinks he's doing it on purpose. Hard to get fast, when he keeps undoing what you just did

 

That would change the amount to $40 per pay check. haha

I'm thinking I'll just put $70 like I calculated normally. Leave it to the government to make things more complicated than they need to be...

 

Can't hurt and will give you an idea on what to do for next year.

 

I am liking this kid already.

 

Seems crazy that I have to claim 0 deductions and ask them to take extra money out of each paycheck to make taxes! I would say I need to have some kids to get some deductions, but they'll cost more money than that. haha

 

I claim single and 0 and still have to have extra taken out and the only reason I don't owe, is my house. When the interest, etc gets down lower, I'll have to increase again what I'm having taken out