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Old 02-06-2015, 01:10 PM
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Join Date: Feb 2015
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Unhappy More than 10k owed in IRS

Hey everyone, this is my first post for this forum.. And I'm about to lose it..

Hoping someone from here can help..

so for my 2014 W2 I had a full time and part time job I am married and using m-2 for withholding, I have a daughter under 3 yrs old. Combined I made around 120-130k for 2014 that's a big jump from my 2013 which was around 60-70k. My wife made around 45-60k also using M2. Our W2 combined on box 1 is $160-180k... I used the HR block calculator and it showed that we are going to owe 10-13k in taxes why is this ? we are 27-33yrs old.

Will IRS let us pay this in increments?
What are your suggestions to avoid this ? Make m-0 for salary withholding ?

And I'm sure you'll ask where did all our money went ? Well... Since it was our first having that type of money we didn't spend too well and now biting us in the rear. (About to cry right now) please help

I really appreciate any feedback

(numbers are approx for privacy reasons)


Last edited by rooki3 : 02-06-2015 at 01:21 PM.


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