I live with little. Little kids, little money, and little time. This blog is all about how we live large with little.
Monday, February 27, 2012
Holy Guacamole!
Word of advice, look at your pay stub! Out of sheer curiosity, I pulled out my husband and my latest pay stubs tonight. We are very close in pay scale, and I was expecting to see similar deductions in terms of taxes, social security, and medicare. But I didn't! We realized tonight, hubby hasn't adjusted his withholding since years before we were married (almost 7 years ago!) We married, had a kid, then had another, and never changed the status!?! Granted, our tax returns are quite huge (nice) BUT, we really need the money in our budget NOW, not in a year. When I looked at his total withholding for the current year (less than 2 months in...) his withholding was $1000! Compared to mine, which was $250. Ummmm....So glad I had a moment to look at the stubs tonight, and I am uber-curious (AKA excited to see his next paycheck with adequate withholding for a family of 5!) Any tips or advice on how to choose what to claim, happily post away below!
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By the way, he was claiming Married, but withhold at the higher single rate with 2 deductions. I am claiming married with 4 deductions.
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