tag:blogger.com,1999:blog-13259011.post519453922501598097..comments2023-12-14T07:05:21.979-08:00Comments on Chief Family Officer: How to make the most of the latest tax cutChief Family Officerhttp://www.blogger.com/profile/02320154821990804327noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13259011.post-87963623386324632322009-04-02T11:54:00.000-07:002009-04-02T11:54:00.000-07:00You also need to be careful if you are a 2-income ...You also need to be careful if you are a 2-income family (like you are). The total credit is only $800 for couples filing married filing jointly, but your employer does not coordinate with your spouse's employer to make sure the total cut from both your paychecks equals about the $60/month that it should be.<BR/><BR/>Also, there are income limitations that employers may not take into account with dual income families. The credit starts to phase out at $150,000 for MFJ and is fully-phased out at $190,000 for MFJ.<BR/><BR/>So, some dual income families may actually have a higher tax due next year due to not enough withheld from their paychecks.<BR/><BR/>Just something to think about :-).Corrie at "Cents"able Mommahttps://www.blogger.com/profile/16156997868428556144noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-19400746044504772652009-04-02T10:02:00.000-07:002009-04-02T10:02:00.000-07:00This latest tax cut does nothing for those of us w...This latest tax cut does nothing for those of us who are self-employed. Sure, it might show up when we do our taxes, but on a day-to-day basis, it's not helping.Clean ClutterFree Simplehttps://www.blogger.com/profile/10620436846697633569noreply@blogger.com