It is 100% likely I'm messing up terminology.

Yes, I don't claim allowances. I do see on each paycheck that federal taxes ARE taken out of my commission, but I have never inputted to withhold more from them (if that makes sense). I have never designated a % to further withhold.

You are confused because you didn't decide what your plans and lifestyle will be for the long term.

Decide this and the financial questions will answer themselves.

But you could also find out that you have incompatible visions, finances have this nasty habit of not allowing you to remain in denial about such possible incompatibilities.

> This morning I got a notice from a collection agency that I owed $781 for non-payment. I cancelled. I repeat - I cancelled.

do you have any kind of confirmation of your cancellation?

But the two of us can’t decide the fairest way! B is happy to pay 50/50 taking everything out of the equation, but A thinks perhaps that’s not the fairest way to do it given some of the elements involved (higher salary, mortgage not joint) … so we’re looking for a wider opinion to help decide best way forward!

>no deductions

>I'm not withholding anything

You seem to be confused on terminology. If you're not withholding anything, ie you have $0 deductions for taxes on your paychecks, then of course you'll owe at the end of the year.

If you are confusing 'withholdings' with the outdated and no longer in existence 'allowances' and think that "claiming 0" means maximum withholding…it does not. Maximum withholding would be 100% of your paycheck.

Assuming you are neither withholding $0 nor 100%, if your tax bracket is ≥24% and your commissions are withheld at the supplemental rate of 22%, you will always be under withheld on the year unless you adjust your W4 to compensate by over withholding your regular paychecks.

My total base salary is $152k, and my total commission (what I make if I hit 100% if my plan) is an additional $101k. I am paid bi-monthly, 1st pay check is salary only, 2nd paycheck is salary+commission for the pay period.

I am claiming nothing on my W4s, so withholding nothing.

I'd do it like this:

Mortgage and utilities split 65/35. All other bills (food, subscriptions, etc) split 50/50.

find a similar house that's for rent, and partner B should pay approximately half what the rental cost is as their housing expense. they are a tenant, and should pay what a tenant pays.

other ongoing bills (utilities, cable/internet/TV tax... that's a thing in the UK IIRC?) should be split 50/50, or based on income, whatever they believe is fair for their relationship.

No, my husband paid off his student loans before we got married, and I was lucky enough to have a scholarship and no student loans.

I hate being wrong, but I hate not correcting myself even more, and it turns out you are correct: https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/

You can see subscriptions in your settings if you use iPhone and subscribed through your phone. You cannot be blocked from seeing that

What we think is irrelevant.

What the two of you decide when you sit down and talk about it is what matters.

IMO partner B pays a rent amount that both feel is fair to cover both any rent and a portion of utilities that are included.

Maybe look at what the place rents for and ask partner B to pay 35% of what the place would rent for?

if you go this route i would recommend lowering the limits on the cards so that you aren't tempted to run up the cards again and double your debt.

I used sofi to consolidate my 3 credit cards with a lower interest rate. Don't remember exactly what it was but yea switching to a lower rate will help pay it off quicker and save money.

But what if for example B is currently earning less because a new job was just taken and A encouraged them to take it? That’s why we’ve also considered the income based approach - so both are fairly impacted by the change in salary and not just B

Follow-up for those into the details: Yes, there are certain VIN ranges of Civic engines from that era that had problems with block cracks. Some info and links to a VIN status inquiry can be found here:

https://www.vehiclehistory.com/articles/a-look-at-the-honda-civic-cracked-block-recalls

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Thanks, my commissions are definitely taxed. Of each gross commission check, I take home about 60% of the total amount.

Whatever you can find that has a decent interest rate or like in Canadian rrsp that helps with taxes; and like you already stated, easily accessible when shit goes sideways. 👍

Whatever you can find that has a decent interest rate or like in Canadian rrsp that helps with taxes; and like you already stated, easily accessible when shit goes sideways. 👍

> 24-26% is very high for credit card interest, even given recent inflation.

it's a pretty standard interest rate for a card that isn't advertised as a low interest card

Well, I guess if B did have a house now but they lived in that house, A wouldn’t like the idea of essentially renting when A already owns a house, so trying to make it as fair as possible

What does Turbo Tax say your taxable income is? What does it say the amount you owe is?

What does your W2 have listed for your federal tax withheld?

Haha!

I have several Star Wars LEGO sets from 20 years ago, mostly from Phantom Menace.

I haven't purchased or been gifted a LEGO for a long time.

I've really been wanting the LOTR Rivendell set but I know that's a slippery slope...