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Why are you playing what if’s when you don’t even understand what’s going on?
Correct not the irs and based on you input
It’s clear you anrnet familiar with form w4
No its 100% your fault
So what ?
Because they are following your input
They do and they follow your input, that’s the issue and you don’t understand nor utilize the functionality of your w4
How is it possible that my entire working career, I never owed money until the past couple of years. If I filled out a W4 form when I started a job, all I ever did was choose dependents or no dependents. Nothing else. I never said how much to withhold. That said, how was I fine for 20 years? Makes no sense. Suddenly, after all of these years, not enough is being withheld. I never told anyone to take less. Tell me why this is suddenly happening oh, amazing genius..
It’s less about the dependents and more about the other income that’s the issue. Both should be added for accuracy but if you earn 100k elsewhere outside of a part time job earning 20k they aren’t going to withhold enough without knowing of the other 100k
My wife has two employers. Actually, three last year. One or two withheld nothing because they were both only about 30k. But this year, both were over $60k. But even looking at my withheld, it is under 10%. It never was that way before and I never changed a W4.
My wife has two employers. Actually, three last year. One or two withheld nothing because they were both only about 30k. But this year, both were over $60k. But even looking at my withheld, it is under 10%. It never was that way before and I never changed a W4.
So, your wife doubled her income, there was no withholding on that income, and you’re confused about why you’re in the situation you’re in? Really?
You sound like someone who just likes to argue, like some amateur lawyer. How is it possible that my entire working career, I never owed money until the past couple of years. If I filled out a W4 form when I started a job, all I ever did was choose dependents or no dependents. Nothing else. I never said how much to withhold. That said, how was I fine for 20 years? Makes no sense. Suddenly, after all of these years, not enough is being withheld. I never told anyone to take less. Tell me why this is suddenly happening oh, amazing genius..
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Originally Posted by trusso11783
My wife has two employers. Actually, three last year. One or two withheld nothing because they were both only about 30k. But this year, both were over $60k. But even looking at my withheld, it is under 10%. It never was that way before and I never changed a W4.
I love to argue but that’s not really relevant to your tax situation. The w4 was significantly updated I believe in 2020 and the continuing issue is you/your wife not updating it properly. If your wife made 30k x2 and had nothing withheld why are you shocked you had to pay? What does your w4 look like? If they are only withholding 10% or less for you, you certainly haven’t told them your wife was making 120k+
It’s a you and your wife problem with your w4. If you didn’t want any ownership of fixing the issue why post about it? Did you want everyone to tell you that you were getting screwed and you should fight the man? That’s not how it works. You need to resolve it or you will pay for it and it will be your fault, not anyone else’s
So, your wife doubled her income, there was no withholding on that income, and you’re confused about why you’re in the situation you’re in? Really?
No. She didn’t double her income. Maybe $20k more. I am wondering more why my employer only took 8 or 9%. Never noticed this before and it was never a problem until this year. I don’t like giving the govt money all year and getting a refund. I would rather take more home during the year and pay what I owe at the end. I don’t spend it so I have no problem paying it. I am wondering why this year is different yuan all of the previous years. This is the first year we ever got a prepayment penalty. Did her extra $20k put us over the edge? It’s still ridiculous.
I love to argue but that’s not really relevant to your tax situation. The w4 was significantly updated I believe in 2020 and the continuing issue is you/your wife not updating it properly. If your wife made 30k x2 and had nothing withheld why are you shocked you had to pay? What does your w4 look like? If they are only withholding 10% or less for you, you certainly haven’t told them your wife was making 120k+
It’s a you and your wife problem with your w4. If you didn’t want any ownership of fixing the issue why post about it? Did you want everyone to tell you that you were getting screwed and you should fight the man? That’s not how it works. You need to resolve it or you will pay for it and it will be your fault, not anyone else’s
Again, I don’t know how involved you are with W4s but after I filled out any paperwork for a new job, I never addressed it again. I never updated W4s ever at any job I ever had and it was never a problem. I don’t know anyone who touches their W4 at work. I asked a bunch of co work supers today and they don’t give it a second thought.
I am not wondering why we owe money. My wife severely underpaid because of of her employers withheld nearly nothing. But I also noticed that I am under 10%. What % does an employer hold? I certainly never gave a % amount for them to hold so they had to use some formula. I will pay it. I have the money. I asked in this forum because friends said I am crazy to pay $14k and that their guy can easily get it down to much less. I was thinking maybe I am missing something and a cpa or accountant knows the inside info.
Forget I asked. I must have been crazy to think I would get any helpful info. There is always someone like you that has to chime in and try to berate someone for a question. Personally, I don’t give a crap because you are nothing to me but if it makes you feel smart or important, knock yourself out.
This is hilarious. Multiple people told you that you need to look at your w4 and update withholdings info. Your income may not fluctuate much, but your wife's apparently does so you need to account for that extra income. Extra incoming is going to mean more taxes owed. If you're not going to be paying that at every paycheck, then you can pay quarterly.
I'm someone who has updated their w4, sometimes several times a year. My employee portal makes it a few clicks and I don't have to personally set anything in HR to get it done.
Again, I don’t know how involved you are with W4s but after I filled out any paperwork for a new job, I never addressed it again.
If you are still confused as to what the issue is, reread it. It’s you. Your lack of attention to your w4 is the issue. It’s your fault, you admit to not doing anything to update your w4 no matter what’s going on in your life. It’s you that’s the issue
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I never updated W4s ever at any job I ever had and it was never a problem. I don’t know anyone who touches their W4 at work. I asked a bunch of co work supers today and they don’t give it a second thought.
Your coworkers are irrelevant here. It’s still just you
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I am not wondering why we owe money. My wife severely underpaid because of of her employers withheld nearly nothing.
They withheld nearly nothing because your wife failed at her responsibility in properly updating her w4
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But I also noticed that I am under 10%. What % does an employer hold? I certainly never gave a % amount for them to hold so they had to use some formula.
They withhold based on your input. How many times do you need to be told how or why this is working the way it is? It’s you. Your fault. How on earth would your employer know how much to withhold without you accurately updating them? They don’t know what other income sources you have, how much you make outside of what they have records for and you expect magically the numbers would just work out? Kinda like the tooth fairy
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I will pay it. I have the money.
Yay you will
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I asked in this forum because friends said I am crazy to pay $14k and that their guy can easily get it down to much less. I was thinking maybe I am missing something and a cpa or accountant knows the inside info.
Either you didn’t give your friends all the information necessary similar to your lack of disclosure to your employers or your friends are idiots. CPAs don’t magically erase tax obligations
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Forget I asked. I must have been crazy to think I would get any helpful info. There is always someone like you that has to chime in and try to berate someone for a question. Personally, I don’t give a crap because you are nothing to me but if it makes you feel smart or important, knock yourself out.
You’ve gotten the correct answer many times and you may not give a crap as that’s what’s gotten into the situation you are in now owing solid 5 figures and the solution is easy but again you don’t give a crap and would rather a magical cpa fix it.
Update both your wife’s and your w4s and pay attention. You’ll be in a better spot next year
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