Tax Filing Online – Information
-
-
Recent Posts
Categories
Tags
10 Years 1098 T 1099 Misc Forms Accountant Annuity Ask Doctor Beneficary California Tax Divorce Email Id Employement Federal Income Taxes File Taxes Find Address Find Employment Form 1040a Form 4506t Full Time H R Block Incometax Income Tax Income Tax Returns International Claims invoices Job Majority Leader Money Parents And Grandparents Pay Taxes Politician Prepare Taxes s corp state taxes Student Job Student Savings Taxes Tax Form Tax Prepare Tax Preparer Tax Return Tax Returns Transcripts Turbo Tax Twelve Years W4
Get smart with the Thesis WordPress Theme from DIYthemes.
{ 4 comments… read them below or add one }
Maybe you made a mistake preparing the returns? I always claim married 0 and get a big refund at the end of the year.
if you make a lot of money, claiming zero may not be enough. my wife and I claim only ourselves on our individual W-4’s, and we have to have additional money withheld just to not have to pay additional taxes with our 1040.
Typical, yes, but not for sure. The place it often hits people is high middle income married couples who both make about the same amount. If you are single, and filed single 0 on your W-4 all year, recheck your numbers. Of course if you had a large amount of income that wasn’t taxed at source, like maybe a large capital gain, then that would be a problem. Or if you withdrew money from a tax-deferred retirement plan, especially if you are under 59-1/2 so you owe a penalty on it, that could explain it – even if they withheld some tax, they very possibly wouldn’t have withheld anywhere near enough.
Even though you may have claimed 0 on your W4.. your company may have made an error resulting in not enough taxes withheld from your checks.. you should check to see what % they took out for federal. This happened to a friend of mine a few years ago… and she owed $6,000. There was nothing she could do besides pay it because she used the money throughout the year without even noticing it. Best Wishes!