Filing a joint return on turbo tax?


receive "making work pay" credit - because there 2 of you, $800 credit, whether or not count husband's income. when add husband's income, tax on income drives bill. united states uses progressive income tax, means more make, higher tax rate. tax rate starts @ 10% , goes high 35% tax payers.

may choose have husband's employer withhold more paycheck cover tax bill, bill of $200 isn't bad - you're paying later have been forced if taken out of check. government doesn't when bill goes on $1000 @ end of year, you're fine.

make sure entering husband's amount withheld w-2. neglecting can result in higher tax bill.

were filing joint return....after add of w-2 refund of close $800....but when add husbands, changes owe $200. husband, or both of together. why this?


Business & Finance Taxes United States Next



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