income tax question

[irmanator]

everyone on here advises to keep more of my pay in my check instead of loaning it to uncle sam until refund time. I am getting married in May and so many things will change tax wise. Is there a way to know i am not keeping too much? I absolutely do not want a tax bill next year. thanks

[sweeps]

The best you can do at this point is get out a 2007 1040 form and do a dry run of what you think your taxes will be like next year.

Are the incomes of you and your fiancee very different? Do you plan on buying a house? Having a kid? Those things could obviously change your tax situation.

[irmanator]

already own a house but the interest is too small to itemize i take standard deductions. (2400 in interest this year and 1200 in property tax) I bought 2 years ago for $$40500. No new children Mine are 17 15 and 13 and he makes roughly the same as me.

[maat55]

If you don't have an EF, you might take the extra money from your check after your claiming adjustment and set it aside for the first year in a savings vehicle. After doing your taxes next year you will generally know how you were effected. Then you can decide how to use the extra money.

[getrichslow]

The IRS provides a calculator that allows you figure out your withholdings. The 2008 version is not complete yet but when it is you can find it by searching on "2008 Withholdings Calculator". I would post the link but this site is telling me I haven't submitted enough posts to inclue a link.