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tax question
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<blockquote data-quote="DaisyFace" data-source="post: 333466" data-attributes="member: 6546"><p>Crazy--</p><p> </p><p>It is possible because the state and the fed have different allowable exemptions.</p><p> </p><p>IOW--What the fed declares "non-taxable", the state can declare "taxable".</p><p> </p><p>Additionally, when taxes are withheld from you paycheck, the Federal amount withheld is usually much larger than the state amount withheld. </p><p> </p><p>If you find that you are stuck owing the state because not enough was withheld throught the year, consider adjusting your withholding by filling out a new form W-4 with the employer. Instead of changing the amount of dependents or exemptions...just fill in the box where it asks if you would like an additional amount withheld for state. Just $10 a week could make a big difference at tax time.</p><p> </p><p>Hope this helps!</p><p> </p><p>--DaisyFace</p></blockquote><p></p>
[QUOTE="DaisyFace, post: 333466, member: 6546"] Crazy-- It is possible because the state and the fed have different allowable exemptions. IOW--What the fed declares "non-taxable", the state can declare "taxable". Additionally, when taxes are withheld from you paycheck, the Federal amount withheld is usually much larger than the state amount withheld. If you find that you are stuck owing the state because not enough was withheld throught the year, consider adjusting your withholding by filling out a new form W-4 with the employer. Instead of changing the amount of dependents or exemptions...just fill in the box where it asks if you would like an additional amount withheld for state. Just $10 a week could make a big difference at tax time. Hope this helps! --DaisyFace [/QUOTE]
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