Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
b0chatma
New Member

My wife and I got married 4/16/2016. We don't have kids and clamed 0 on our taxes and this year we own nearly 3k. Our total income was 217k. Why would we owe?

 
1 Best answer

Accepted Solutions
SweetieJean
Level 15

My wife and I got married 4/16/2016. We don't have kids and clamed 0 on our taxes and this year we own nearly 3k. Our total income was 217k. Why would we owe?

Because each of your withholdings was calculated as if that were your only (Joint) income. Added together, though, you end up in a higher tax bracket..

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

View solution in original post

2 Replies
SweetieJean
Level 15

My wife and I got married 4/16/2016. We don't have kids and clamed 0 on our taxes and this year we own nearly 3k. Our total income was 217k. Why would we owe?

Because each of your withholdings was calculated as if that were your only (Joint) income. Added together, though, you end up in a higher tax bracket..

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

b0chatma
New Member

My wife and I got married 4/16/2016. We don't have kids and clamed 0 on our taxes and this year we own nearly 3k. Our total income was 217k. Why would we owe?

Sorry can you elaborate?  When I ran each of our w-2s as if we were single I end up with a ~$700 return and she owes $2800.  I made 150,000 and she made 70,000.  I would assume there is a tax benefit to filing jointly and married.  Seems as if there is something wrong in how her company has been deducting taxes even though she claimed 0.  Can you give me a little more info when you get a moment?  Thanks

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v