The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Taxes-How do you minimize Tax return?||Date: 4/16/2001 1:43 PM|
|Author: irasmilo||Number: 50346 of 121061|
I've always found the worksheets to be worthless. Or maybe it's just the front worksheet. Do you feel the multiple income sheets are adequate?
If you have good estimates of the amounts to be entered on the page 2 worksheet, and follow all instructions, they are pretty accurate.
I got married last year and we kept both of our withholdings at the single rate to be safe. Why is it that married withholding rates are lower when most couples end up actually paying more?
The married withholding rates assume only one wage earner. If both spouses work, the married rates will underwithhold unless you follow the instructions for adjusting your withholding allowances and assigning them to the higher wage earner.
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