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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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payroll question re: taxes
when DH and i had our taxes done we found out that the payroll company in my office is only taking out 11% for federal taxes - so if it had not been for DH's business we would have owed about $2500, and that is even with having a baby last year!
does anyone know if there is a way to change this? or does payroll just make that decision and i have to deal with it?
i claim "0" on my W4 and DH claims "1" so that isn't the issue.
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Posted 3/4/09 3:51 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: payroll question re: taxes
Tell DH to claim 0
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| Posted 3/4/09 3:52 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: payroll question re: taxes
Are they taking out for other things like medical, 401k, state? What is listed on your paycheck?
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| Posted 3/4/09 3:54 PM |
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Re: payroll question re: taxes
You can manually tell them how much to take out.
Ie. If your salary is $75,000 you can tell them to withhold 12% or $9,000.
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| Posted 3/4/09 4:00 PM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: payroll question re: taxes
Posted by Mici C
Are they taking out for other things like medical, 401k, state? What is listed on your paycheck?
no medical - we are on my plan and that is free. we both have deferred comp plans (we are both gov't employees, no 401k for us). we both get state taxes taken out, but not sure of the percentage.
we are buying a house this year hopefully, so that will help. i am pretty sure DH is going to change his exemption to 0 as well.
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| Posted 3/4/09 4:16 PM |
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Boobobunny
Live in the Present
Member since 5/05 3572 total posts
Name:
Dannielle
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Re: payroll question re: taxes
depending on the co processing the payroll taxes you may be able to tell them to take an additional % out each pay period or an additional flat $$ amount each pay period from your payroll check.
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| Posted 3/4/09 4:32 PM |
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LoveyQ
Stalkers, get a life.
Member since 11/07 12820 total posts
Name:
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Re: payroll question re: taxes
You should be able to do as suggested and request that a specific percentage be taken out, or a specific amount. Or just a specific additional amount.
I would definitely find out what your accountant suggests and have your payroll departments at work make that change for you.
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| Posted 3/4/09 4:49 PM |
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