Comments on: Taxes - Personal Finance Tips http://www.catchagideon.com/2007/01/31/taxes-personal-finance-tips/ Successful Personal Finance Blog Mon, 06 Oct 2008 18:52:32 +0000 http://wordpress.org/?v=2.0.4 by: Denise http://www.catchagideon.com/2007/01/31/taxes-personal-finance-tips/#comment-798 Wed, 31 Jan 2007 19:54:31 +0000 http://www.catchagideon.com/2007/01/31/taxes-personal-finance-tips/#comment-798 RE: Recheck your withholding every year. If you get married, have kids, or become the head of a household, you’ll want to add these allowances on your W-4 so you can have fewer taxes withheld. QUESTION: How does getting married impact withholdings? I really got screwed last year when I got married, so I'm glad I didn't adjust withholdings or I would have owed a tom more than I already did. I see how kids are a dependency, but there are still some marriage penalty tax laws out there, so be cautious. RE: Recheck your withholding every year. If you get married, have kids, or become the head of a household, you’ll want to add these allowances on your W-4 so you can have fewer taxes withheld.

QUESTION: How does getting married impact withholdings? I really got screwed last year when I got married, so I’m glad I didn’t adjust withholdings or I would have owed a tom more than I already did. I see how kids are a dependency, but there are still some marriage penalty tax laws out there, so be cautious.

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