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View Poll Results: 2018 - Did you change your W4 withholding?
Yes 22 45.83%
No 26 54.17%
Voters: 48. You may not vote on this poll

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Old 02-12-2019, 07:46 AM
 
6,769 posts, read 5,482,840 times
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We owed last year, so i had my OH change to 0 and an extra $10/pay check held out.

We get our taxes done march 2, i dont want to know the outcone i am afraid we will owe again this year. Last year was first time in 18 years together we owed.

Income about the same as last year.

This year i am not working, so we SHOULD get a refund for next year unless i get another job.

Im having my OH check w4 again to be sure we have 0 and $10 extra anyway. Just to be sure.

Dont like owing, but dont like a huge refund either.

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Old 02-12-2019, 08:04 AM
 
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I don't understand how a person could still owe thousands to the IRS even if they claim ZERO exemptions. My only income is wages reported on our W2s.
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Old 02-12-2019, 07:18 PM
 
558 posts, read 434,087 times
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I didn't change withholding. We simply saved the $$$ that the tax cut "saved" us in case the tables were wrong. We have $3000 in that account and are getting about the same amount back--$700.

The difference may be that we couldn't itemize either before or after the tax cut.
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Old 02-12-2019, 07:26 PM
 
Location: Suburbia
8,826 posts, read 15,313,301 times
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Quote:
Originally Posted by kevinm View Post
I don't understand how a person could still owe thousands to the IRS even if they claim ZERO exemptions. My only income is wages reported on our W2s.
We claim zero. We owe thousands. The employer didn't withhold enough and we failed to have enough additional withheld, so...we owe.
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Old 02-12-2019, 07:31 PM
 
37,593 posts, read 45,960,046 times
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Quote:
Originally Posted by tgbwc View Post
We claim zero. We owe thousands. The employer didn't withhold enough and we failed to have enough additional withheld, so...we owe.
That's pretty wild. Is this a new employer then? A small business? With all the payroll software available, it's pretty hard to get the withholding wrong.
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Old 02-13-2019, 09:07 AM
 
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Quote:
Originally Posted by tgbwc View Post
We claim zero. We owe thousands. The employer didn't withhold enough and we failed to have enough additional withheld, so...we owe.
Interested....what do you mean by they didn't withhold enough? Whatever is withheld is normally always based on the information on the W4s the employee fills out. Are you saying they miscalculated that or didn't comply with your instructions?

In any case, it is always the taxpayers responsibility if they fail to properly withhold the correct amount.
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Old 02-13-2019, 12:28 PM
 
37,593 posts, read 45,960,046 times
Reputation: 57142
Quote:
Originally Posted by luckyram View Post
In any case, it is always the taxpayers responsibility if they fail to properly withhold the correct amount.

Agreed. Last year when these tax changes went into effect, there were many articles advising people to check their withholding and they linked to the IRS calculator. When people saw the extra cash in their paychecks, they simply took it...never considering the possible effects.



“The tax agency has been reminding taxpayers through 2018 to take a second look at their withholding and make estimated payments, if needed.
Even retirees were encouraged to ensure they were withholding sufficient tax from pension and Social Security payments. “

https://www.google.com/amp/s/www.cnb...e-for-you.html

Last edited by ChessieMom; 02-13-2019 at 01:17 PM..
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Old 02-13-2019, 01:06 PM
 
Location: Suburbia
8,826 posts, read 15,313,301 times
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Quote:
Originally Posted by luckyram View Post
Interested....what do you mean by they didn't withhold enough? Whatever is withheld is normally always based on the information on the W4s the employee fills out. Are you saying they miscalculated that or didn't comply with your instructions?

In any case, it is always the taxpayers responsibility if they fail to properly withhold the correct amount.
I agree. As I mentioned above, we failed to have enough additional withheld. Claiming zero left us short of what was owed. We adjusted some for this year.
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Old 02-13-2019, 01:08 PM
 
Location: Suburbia
8,826 posts, read 15,313,301 times
Reputation: 4533
Quote:
Originally Posted by ChessieMom View Post
That's pretty wild. Is this a new employer then? A small business? With all the payroll software available, it's pretty hard to get the withholding wrong.
No. It's a large school district. We just didn't realize that what was being withheld would leave us with such a difference in what is owed now.
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Old 02-13-2019, 01:56 PM
 
1,433 posts, read 1,061,760 times
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Quote:
Originally Posted by tgbwc View Post
I agree. As I mentioned above, we failed to have enough additional withheld. Claiming zero left us short of what was owed. We adjusted some for this year.
Oh, ok...I saw that part but was confused where you said your "employer didn't withhold enough" as it seemed you were attributing some blame to them.
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