Tax returns

Leila'sMommy

I'm not a tax person, but tell me if this makes sense:

DH works full time, I work part time, DD was born in March 2009. We don't own a home or have anything else to deduct or claim or whatnot except for DD tax credit and daycare credit. We don't make a ton of money, pretty average.

I just did a draft from our year end pay stubs and it looks like we owe. Does this seem right? I thought for sure this year with having a baby we'd get something back

elyselowe

Doesn't seem right to me, although I don't know too much about taxes either.

I had the same circumstances and I'm getting a lot back, a lot more than I even thought. It could have to do with what percentages were taken out of your paycheck maybe? or maybe something was typed in wrong?

Hopefully its just a mistake and you end up getting money back!

Leila'sMommy

elyselowe:

Doesn't seem right to me, although I don't know too much about taxes either.

I had the same circumstances and I'm getting a lot back, a lot more than I even thought. It could have to do with what percentages were taken out of your paycheck maybe? or maybe something was typed in wrong?

Hopefully its just a mistake and you end up getting money back!

I know, and this is really a vague scenario I'm throwing out... but it just doesn't seem right to me. I thought for sure we'd be getting something back!

I checked over our federal with holdings and DH had the same amount withheld as I did - but he works 2x as much as I do. So maybe they screwed up at his work, not holding out enough. 

I think this is the year I bite the bullet and take my taxes to someone professional. There has to be something I'm doing wrong.

a003vp

It could be the the claim level on your W-2's that is making you owe money. I know that when I changed my federal income statement from just myself (single) to Married and a child I got more money in my pay stub because the money I was paying in taxes in each paycheck decreased meaning I may have to owe money because of that this coming tax season.

JLS0320

Sounds like you need to increase your withholdings, the refund you thought you were getting got eaten up by what you owe. That happened to us last year, I was supposed to get $1K back but DH didn't have enough taken out so we ended up owing over $800, sucks