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RobeyMuse
my little man
Member since 5/05 1350 total posts
Name:
Jenn
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Re: We just did our taxes....OMG
Posted by Jessica
Posted by RobeyMuse
we learned our lesson last year- we ended up owing 6k. 
this year we are getting back 8k.
wow!!!!!
thats a HUGE difference.
if you dont mind me askig, what did you do so differently?
claimed different?
filed as single or married?
We always filed as married.
DH has two jobs- last year he had one 1099, one W2 and I had my W2. He would always take more money out of his W2 to try and offset the 1099. But I made 8k more last year in bonuses and he made a profit on his vineyard so it pushed us into a higher tax bracket. We always have a lot of write-offs.
This year he moved both jobs to a W2, and both of us had our jobs take out an extra $25 per paycheck all year.
And we had a baby.
I am glad we don't owe this year!
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Posted 2/15/07 8:16 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
curliegirl
He's here!!!!
Member since 3/06 10128 total posts
Name:
Gina
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Re: We just did our taxes....OMG
Last year was our 1st year together and we got 11K!!!!!
Haven't done them yet this year....
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| Posted 2/15/07 8:30 AM |
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leighla
Support Cancer Research
Member since 5/05 16353 total posts
Name:
Lauren
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Re: We just did our taxes....OMG
Did you look at it as married filing separately as well?
When DH and I do that we get more back than if we file jointly.
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| Posted 2/15/07 8:55 AM |
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Eleanor
LIF Adult
Member since 2/06 2223 total posts
Name:
Ellie
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Re: We just did our taxes....OMG
next year will be much better when you have more mortgage interest paid (and property tax)
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| Posted 2/15/07 9:00 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: We just did our taxes....OMG
WOW! We have yet to do ours.
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| Posted 2/15/07 9:07 AM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: We just did our taxes....OMG
we're doing this years now so I'm not sure what we'll get back. last year we owned 3 places, filed married, and got back a good amount. we claim single 1 or single 0 throughout the year.
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| Posted 2/15/07 9:15 AM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: We just did our taxes....OMG
We haven't done ours yet this year, but last year we got $10000 back. Hoping for the same this year. We own our house and we both claim 0.
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| Posted 2/15/07 9:22 AM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: We just did our taxes....OMG
Wow, i'm so sorry.
Hopefully next year it wont be so bad cause you'll have a full year of interest to deduct..
Good luck!
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| Posted 2/15/07 9:30 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: We just did our taxes....OMG
We owed over $15k last year and while we were prepared (we knew how much we'd owe b/c we sold some stock) it was still painful to write out that check.
Hopefully this year, with the house, we'll get some money back.
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| Posted 2/15/07 9:51 AM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: We just did our taxes....OMG
OMG -- now I don't feel so bad when I see some of you owed so much more.....how terrible!!!!!!
When I start my new job in NC in 2 weeks, I will claim "single -- 0" and that should help...
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| Posted 2/15/07 10:02 AM |
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jms100303
Luv my munchkins
Member since 5/05 4789 total posts
Name:
Jennifer
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Re: We just did our taxes....OMG
We got a wake up call the first year we were married too, but we owed around $5k. Since we have been married we have owed (last year we received a return from the state, but still ended up in the - column). We both claim 0 and own a home. We haven't done them yet for this year, so who knows.
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| Posted 2/15/07 10:05 AM |
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zaidam
*************
Member since 1/07 1519 total posts
Name:
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Re: We just did our taxes....OMG
I'm so confused, how can you end up owing money your first year of marriage?
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| Posted 2/15/07 10:11 AM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: We just did our taxes....OMG
We file as single 0...we always get money back
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| Posted 2/15/07 10:21 AM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: We just did our taxes....OMG
Posted by MrsSupermarket
I'm so confused, how can you end up owing money your first year of marriage?
because when you combine incomes, alot of the time, it throws you into a higher tax bracket...sometimes it pays to file "married filing separately"....you can do it both ways and see which works out better
Being married does not mean you will automatically get money back 
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| Posted 2/15/07 10:22 AM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: We just did our taxes....OMG
Posted by leighdvm
Posted by SweetestOfPeas
yes, we got a wake up call, bigtime! we owe the state and are getting back from the federal, but by the time we're done paying the state, what we have left over is a joke! we ALWAYS get back a LOT and I am so PO'd! 
my severance in 2006 really hurt us b/c it pushed us into the next tax bracket. it sucks  
Yeah, with our salaries, we are in a much higher tax bracket.....we both claim "0", but I guess we just have to deal with it......dang....
we always owe too and claim 0- we don't have a house so we can hit there- last year we had a baby so I hope that helps!
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| Posted 2/15/07 10:26 AM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: We just did our taxes....OMG
We found out we are getting a little back. First year married. We both claim single 0. I hate taxes!!!
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| Posted 2/15/07 10:53 AM |
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LIMOMx2
...
Member since 5/05 24989 total posts
Name:
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Re: We just did our taxes....OMG
I am so sorry
We got more back then ever expected this yr. It was our first full year in the house, we had a baby, and some other stuff made us get so much back.
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| Posted 2/15/07 10:56 AM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: We just did our taxes....OMG
I love and hate this tax time each year. Our accountant hasn't done our taxes yet, but we usually get a nice chunk of $$ back from Federal and always have to pay the State
Last year we has central AC installed in our house with the money we got back, this year, I am not sure how much we'll get, but we have 2 kids now and I hope to get our playroom done and new kitchen countertops.
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| Posted 2/15/07 10:59 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: We just did our taxes....OMG
Dh came home with his 1099 yesterday and it's a full $10K over last year. Something's not right..that puppy needs to be readjusted down! I think he took the hit from some subcontractors that he used and I told him that would happen. This is so frustrating. I can't write down an additional $10K!
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| Posted 2/15/07 11:11 AM |
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