Holy F...

annabean33

My DH just went through our taxes on Taxslayer, and it appears we have to pay in over $6,000 this year.  F my life.  My husband and I both got promotions last year (not large ones by any means), and we're in the middle of "middle class", so it's not like we're rolling in money, AND we have a toddler and another baby one the way. I have NEVER had to pay in, I've always gotten a refund - nothing "huge", but always something.  I have no idea what happened this year.  I am shocked right now, to say the least.

H & R Block, you're about to get a new customer.

KtGirl88

Oh wow! A mistake maybe? I would definitely head to H&R block just to make sure of everything

katie4253

With my new job and H's raise, we will be owing (if not this year, then next).  We are in the next tax bracket now.  We are hoping the baby offsets things next year a little.  

boogerbearoriginal

Ouch. That sucks - I hope it's a mistake. 

MegNJason

katie4253:

With my new job and H's raise, we will be owing (if not this year, then next).  We are in the next tax bracket now.  We are hoping the baby offsets things next year a little.  

This happened to us last year and will probably happen again this year even though I took a little more out. I can't believe that with a child you owe for the first time. Depending on the cost we're probably going to go to a CPA this year. FYI - my MIL works for the IRS and she says to stay away from H&R Block and places like that. She has to field calls about their mistakes all the time.

pettycrocker

We're going to H & R too.. H originally went to jackson hewitt to see what the #'s looked like and they said we owed $3.. Nothing in comparison to your situation of course, but still I don't see how they are figuring we owe and aren't getting an effing penny back. Add insult to injury jackson hewitt wanted $200+ dollars to file. Hoping we can get something or maybe we'll be eating ramen noodles for a while.. ugh 

rpratt1985

Have him start completely over--TurboTax did some weird thing to me saying that Uncle Sam owed DH and I $9,000....no way!  It took forever to figure it out--but it could just be a glitch.  Don't panic yet!

annabean33

DH is currently scrutinizing all of our paperwork, and it looks like there may be an error on his W-2.  I'm going to keep my fingers crossed!

bananatiff

annabean33:

DH is currently scrutinizing all of our paperwork, and it looks like there may be an error on his W-2.  I'm going to keep my fingers crossed!

I'm glad to read this before I posted... it made my blood pressure go up just imagining that happening to DH and I.  I just got a raise and we bought a house, I'm terrified of doing taxes this year.

I hope it works in your favor and you go from red to green!

nbbride06

That happened to us last year.  Between state and federal we ended up paying 10k.  It sucked.

AsOctoberFalls

Yikes, I hope you find the error.  I can't imagine owing 6k if you haven't owed previously, unless you changed your W4 information with your promotion or something.  I assume you've been watching your withholdings throughout the year... did you notice anything that seemed "off"?

Even though you got promoted, it should all work out.  Even if you were in the next tax bracket, we use marginal brackets in the US, so you'd only be taxed "extra" on the "extra" that you make

The ONLY thing I can think of other than this is that perhaps you're now subject to the AMT, and you weren't in previous years.

Good luck figuring it out!

Five_letter

What are you withholding on your W4?

I always select Married but withholding as Single just to withhold more to ensure I don't have to pay anything. I got a large pay raise this year, and sent everything over to my accountant in September to see if I was in the red. 

After working in the accounting industry for a few years, I've seen a million different mistakes that H&R Block and Jackson Hewitt have done, but it's much better than attempting it yourself.