Re: Homeowners... when u changed your deductions on your pay check...
Although you have your house as a deduction arent you going to owe more at the end of the year because you arent paying in enough during the year?
DjPiLL
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
The number of deductions just tell the payroll people how much tax to take out. Its not like you deduct 1 if you have a co-op. 2 if you have a house.
Its not set like that. There are calculators that punch this stuff in for you.
Crisco718
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
www.turbotax.com
This website has a few tax calculators. There is also a paycheck estimator that can estimate your take home pay.
StepherG
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
Posted by DjPiLL
The number of deductions just tell the payroll people how much tax to take out. Its not like you deduct 1 if you have a co-op. 2 if you have a house.
Its not set like that. There are calculators that punch this stuff in for you.
I agree...not sure why this question is aimed at homeowners...what does that have to do with # of dependents you claim?
JodiBabe
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
Why would you do that? Then they take less in taxes out & you probably will end up owing them.
swags1016
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
We both still declare 00 on ours. If we are making it on paychecks before we bought the house, I say why change it and run the risk of owing.
littlecat
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
Go to www.paycheckcity.com to figure out what you check will be with however many exemptions you want. However i would not recommend you putting 5 in because at the end of the year you will probably owe money and it is hard to come up with a lump some at the end of the year.
ChristineC68
Posted:
Member since
Re: Homeowners... when u changed your deductions on your pay check...
As a home owner you get tax credits so you don't necessarily need to have as much withheld. But I would run the numbers before changing anything.
