W4/exemptions

@Lochoa (222)
United States
April 2, 2010 1:08am CST
My husband is the main person bringing in income right now and our medical insurance benifits are going up alot! So I really need to adjust our budget since we can barely make ends meet now. But he usually claims Single 1 on his W4 and when I was working I would claim Married 0. We've always gotten a return back after taxes b/c we own a condo and get some what of a tax break. So, I found this cool free site that helps you calculate what your pay checks will be and if my husband continues to file single 1 there's no way we have enough money to stay aloat but if he claims married 0 we'll have just enough...??.. Does anyone know anything about this? Will it hurt us at the end of the year at all, will we still see a return when tax season comes around next year? I don't really care if we break even but I just don't want to owe the IRS. Any suggestions? BTW, I will be working prob PT in a couple of weeks when the business opens I don't know how many hours I will be working and what not but I would still claim the Married 0 on my W4. Thanks in advance for your suggestions
1 response
@earnnings (1296)
• India
2 Apr 10
Oh it is the situation in many families because of hike in medical insurance. I don't know about your case but you see you can go for minimal expenditure which should be planned well for monthly income ultimately it gives you good amount which can be stored for medical purpose.