Yup.....Erin and I signed papers for our house, S2000 and Touareg all on the same day. My hand hurt.

 

Talk about adding to your montly payments!

 

I bought my S 1 week to the day I signed papers on my house.

Closing in on 3 years later I am on my 2nd house, but I still have the S.

 

Since we have our house tax experts here, may I ask a tax question as well?

Last year my wife and I ended up owing 7K in taxes. Our accountant told us we need to make changes to our W-4's to fix the "problem". So, we made the changes he suggested. This year we still owe 5K and I don't know what we are doing wrong?

I have a feeling our W-4s are screwwed up. We don't have kids or any other dependant, what should our W-4s look like?

Thanks!

 

Ashan did you collect any of those years? that could be killing your tax rate

 

Collect unemployment? No.

 

Do you or your wife work part time? Either of you self-employed? Rent or own?

W-4

I think I claimed 2, but I'm a home owner and it is a BIG deduction. You may want to do the full worksheet.

 

Thanks! We both work full time and rent.

I will have a look at the worksheet again but if anyone else here is in a similar situation I would like to compare the W-4s.

 

Ok, I "think" I got it, if not please let me know.

No deductions on both W-4s and then extra money (based on incomes) to be withheld each pay cycle from the highest paying job.