Changing federal deduction for pay checks
By sedel1027
@sedel1027 (17846)
Cupertino, California
January 16, 2008 12:37pm CST
My hubby got a job making a lot more, so I told him to take all the deductions and I would lower mine. OMG I was so shocked at the amount of money that was taken out of my check (I went from 4 deductions to 1). We don't want to owe in 2008, but I do like having money now.
Last week pre-change I had $3.76 for fed, this week it was $25.38 (I only work 30 hrs a week @ 13/hr so that is a huge decrease in pay for me; last week I only worked about 24 hours). Is it normal to have such a huge change in what is taken out when the deductions are modified?
1 person likes this
2 responses
@stephcjh (38473)
• United States
21 Jan 08
I know exactly what you mean. My husband was on unemployment and didn't have any deductions taken out. He drew for a while and I am a little scared when we go to file taxes this year. I don't want to owe to the government either. We never have before.
It is normal to have such a huge difference in your check because the goverment takes more than thier fair share. We work and they take the money.
@sedel1027 (17846)
• Cupertino, California
21 Jan 08
My experience with unemployment is that they normally don't pay you enough to get hit really hard with the taxes. I know you do a lot of online work I would worry more about getting hit hard there than on unemployment. Last year we got 1 1099 for around $2500 and I was completely shocked by how much tax the government took out.
1 person likes this
@stephcjh (38473)
• United States
21 Jan 08
I hope we don't get hit hard with the unemployment. He got pretty good money from it with no taxes taken out. I don't have to worry about filing taxes on my online earnings because I do not make enough form "one" site for them to send me a 1099. I don't have to claim it. I make alot from all of them put together though and don't have to file it, thank God.
@bopujo906 (8)
• United States
16 Jan 08
Absolutely. I claim single and 1, if I claimed married and 0 I would make $20 more a week. Less back in taxes though. If you're a good saver, claim what you need, to even yourself out in the tax department at the end of the year and stick it in a savings account. I am not a good saver, I'd rather give the government a loan and take it back a year later and put it in the savings account. You must have kids? How could you claim 4 and still not pay in? Whew. So, if you're husband makes a lot more money and claims 4, and you have no kids, you will be paying in next year. Hope this helps!!
@sedel1027 (17846)
• Cupertino, California
16 Jan 08
We have 1 kid that we don't even claim a lot on daycare - maybe $700 on daycare a year. We have never paid in but we also have a lot of deductions. I like getting money back but I don't like my paycheck being as low as it is. Since we get paid every week, I want to at least clear $300 so I don't feel like I am wasting my time. I think that I can up my number to 2 and as long as we stay below a certain amount this year (which we *should* as my job may be ending soon) we still should get money back in 2008.
