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Originally Posted by Agang579
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?
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I believe this was answered in another post because my lazy ass was busy.
Don't itemize? There's ways around that, such as bunching your expenses (property taxes, donations, state taxes) so that every other year you can itemize and not lose out on some deductions.