Tuesday, December 22, 2009

My husband and I both claim Married 0 but still owe money. How should we fill out our w-4?

We are older, do not own our home, our children are grown. We have no extra money for investments. Just need helpMy husband and I both claim Married 0 but still owe money. How should we fill out our w-4?
On your W-4 form... In addition to claiming 0, you can request extra taxes to be taken out in addition to what they currently take out... Assume you owed $1,200 at the end of the year... Request an additional $100 be withheld per month, and then you won't owe at the end of the year.My husband and I both claim Married 0 but still owe money. How should we fill out our w-4?
what you could do say you owe 1000 this year and everything should stay the same -- you could just send in a estimate payment 4 times during the year of 250 each -- if you want to go this route email me and i will give more details -- every year i make estimate payments!!!
You need to find a different tax preparer.
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