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I need tax help PLEASE

Posted By Message

Lina
My angel is finally here

Member since 5/10

2559 total posts

Name:
Lindsay

I need tax help PLEASE

Normally I pay to get my taxes done by a professional because I had a lot of business expenses that I claimed. I got married last year and discovered when doing our taxes that my deductions no longer exceeded the marriage credit so there was no point in paying to have someone calculate them anymore because they don't even count. I decided since we have a simple return this year that I would do it online through turbo tax. I am wondering why is it that the program is telling me we are getting back around $600 federal and owe about $200 state this year. Yes we made more money this year but are not in a different tax bracket from last year and obviously because we made more money we paid more in taxes. No different deductions from last year and last year we got back total around $2500. How do we go from getting back $2500 last year to $400 this year? Is there something I don't know about like getting a higher deduction the 1st year you are married? Please help, I am just trying to figure out if this is right or if I should take them to the person that did them last year in the hopes that we will get back around the same as last year? PLEASE HELP, TIA Chat Icon

Message edited 3/12/2011 7:42:03 PM.

Posted 3/12/11 7:38 PM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: I need tax help PLEASE

Not sure about this but is the AMT still in effect or did that go away. Essentially a marriage tax.

Posted 3/13/11 1:24 PM
 

Cheeks24
Living a dream

Member since 1/08

8589 total posts

Name:
Cheeks

Re: I need tax help PLEASE

See if it works out better if you file married, separately.

Posted 3/13/11 7:48 PM
 

MissRadiant
Happily Ever After

Member since 9/08

2534 total posts

Name:
N

Re: I need tax help PLEASE

Did you change your filing at work? Went from filing S to M? If that is the case then you were taken out less taxes when compared to your previous years.

FM me if you have any questions.

Posted 3/15/11 2:37 PM
 

want2beamom
Love my boys soooo much!!!

Member since 8/06

10164 total posts

Name:
True love doesn't end with happily ever after...

Re: I need tax help PLEASE

Posted by Blu-ize

Not sure about this but is the AMT still in effect or did that go away. Essentially a marriage tax.




We had to pay the AMT (I think thats what its called) because we made to much moneyChat Icon $2500 for extra out of our pocket for what???

Posted 3/17/11 10:39 AM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: I need tax help PLEASE

Posted by want2beamom

Posted by Blu-ize

Not sure about this but is the AMT still in effect or did that go away. Essentially a marriage tax.




We had to pay the AMT (I think thats what its called) because we made to much moneyChat Icon $2500 for extra out of our pocket for what???



I totally agree. I hope I miss that this year. I can only hope.

Penalty for marriage.

For what?

Posted 3/17/11 12:36 PM
 
 

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