Arizona
I filed at a Married-0 rate and paid an extra $20 per pay period (every two weeks). I did work two jobs for a short time, and my wife also worked. All 3 jobs had a filing status of Married-0, and I annotated on my W4 for my part time job that it was a secondary income so it increased the taxes further.
We had a combined income of roughly 76k, and I believe our tax liability is 8k. We ended up owing around $800 to federal and $500 to state.
I am curious on why I owe so much even after I put a lot in? Is it because of the part time job (made roughly 11k part time), my full time salary was around 40k and my wife pulled in roughly 26k.
Should I file Married but With holding at a single rate? I don't like forking over 1.5k at the end of the year. I rather pay it by paycheck and not worry about it.
I am also a student beginning this year, so I believe that may help next year?
How can I make it so I don't always owe a ton. I figured doing M-0 would help and we owe more than last year!
I filed at a Married-0 rate and paid an extra $20 per pay period (every two weeks). I did work two jobs for a short time, and my wife also worked. All 3 jobs had a filing status of Married-0, and I annotated on my W4 for my part time job that it was a secondary income so it increased the taxes further.
We had a combined income of roughly 76k, and I believe our tax liability is 8k. We ended up owing around $800 to federal and $500 to state.
I am curious on why I owe so much even after I put a lot in? Is it because of the part time job (made roughly 11k part time), my full time salary was around 40k and my wife pulled in roughly 26k.
Should I file Married but With holding at a single rate? I don't like forking over 1.5k at the end of the year. I rather pay it by paycheck and not worry about it.
I am also a student beginning this year, so I believe that may help next year?
How can I make it so I don't always owe a ton. I figured doing M-0 would help and we owe more than last year!