Why isn't my withholding paying my taxes?
Gar, thanks for taking your time for this post. Maybe you can clear up something for me. My wife and I file a joint return. We each claim no exemptions on our withholdings so as to have the max withheld. I do the same for my Navy retirement pension. We do not itemize and we take the standard exemption. I have one dependent chlid under 18. My AGI is 65K. Bottom line is I still end up paying a significant amount of tax (600-1200) over and above what was withheld. Is this normal?
Last edited by Agang579; 11-23-2004 at 06:07 AM..
Reason: Modify post
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