The military pay site is having some issues with all the traffic in the last two days. W2's were released for three branches of full time employees. Everyone wants their information at the same time. I finally got in and was able to download my husband's W2 and his January earnings statement. I wasn't quick enough to get his TSP rate changed to 8%, so that isn't effective until next month.
I expect to start working on taxes this weekend. I'm pretty sure we will owe taxes this year. Not more than $500. It might be time to actually change our withholding. Since our daughter turns 17 in 2014, I don't think we will get the tax credit for her next year at this when we file. I need to that into account now so we don't owe more next year.
If you are wondering about how to handle your refund or how to calculate your withholding for your situation, you might want to read my post on
Do you have your W2 yet from your employer? When will you start working on your tax return?
January 24th, 2014 at 06:52 pm 1390589527
January 24th, 2014 at 06:59 pm 1390589998
I'm still working on it; hoping I can get creative and find a couple more offsets. But it does look like we'll have to adjust withholdings up again, especially if any of us gets freelance work or raises.
January 24th, 2014 at 08:40 pm 1390596001