Tax Refund Question

[IanthePez]

My Mother-in-Law is doing our tax return and just told us that we have to pay money this year....if we did the following this year, does this sound right, or should I redo them myself? She does work for H&R Block, so she should know what's going on..

We bought a house in July '05
My wife is a teacher and I am in Retail and we made under $60k last year.

What would cause us to have to pay? Anything stand out?

 

[Schfifty Five]

Could be lots of things.

 

[CPA]

Originally posted by: IanthePez
My Mother-in-Law is doing our tax return and just told us that we have to pay money this year....if we did the following this year, does this sound right, or should I redo them myself? She does work for H&R Block, so she should know what's going on..

We bought a house in July '05
My wife is a teacher and I am in Retail and we made under $60k last year.

What would cause us to have to pay? Anything stand out?

lol, not enough info.

How many withholdings?
What was your total paid in during the year?
Children?
Property Tax amount
State Income Tax or State Sales Tax Amount?
What was total interest you paid?


And not doubting your Mother-in-Law's expertise, but H&R Block just got nailed for underpaying their taxes by about $35M.

 

[Homerboy]

well normally you have to pay if you don't have enough witheld from your paychecks. Thats usually how it works....

 

[IanthePez]

Well, we both had the max witheld, we have no children

I'll have to check on the rest. She might be right, I'll try and get more details from her.

Just REALLY annoying that we get crap this year and we having a child in September and could really use the money. Oh well, that's life I suppose.
Everyone else I know gets like a few grand back and I get to give more, yay for me.