Current Events > Wtf, I owe $500 in taxes this year.

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C_Pain
02/17/20 1:47:38 PM
#1:


Impeach Trump

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ThyCorndog
02/17/20 1:48:12 PM
#2:


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Vermander
02/17/20 1:50:41 PM
#3:


I actually owed like 3 dollars until I got my student loan payment write off.

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Simon_Petrikov
02/17/20 1:50:43 PM
#4:


But your 401k is up 90% at least, right?

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IbanezFan462
02/17/20 1:51:39 PM
#5:


You did something wrong this year

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L0Z
02/17/20 1:53:57 PM
#6:


Its your own fault if you underpaid. Thats why you also claim zero exemptions with your payroll office then youll always have a refund to look forward to
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SrRd_RacinG
02/17/20 2:00:00 PM
#7:


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ThyCorndog
02/17/20 2:02:56 PM
#8:


SrRd_RacinG posted...
Thanks, Obama.
How exactly is ubama doing this all the way from kenya?

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#9
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EvalAngell
02/17/20 2:17:25 PM
#10:


rekt

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C_Pain
02/17/20 2:19:46 PM
#11:


Simon_Petrikov posted...
But your 401k is up 90% at least, right?
Don't have that.

IbanezFan462 posted...
You did something wrong this year

Like what?

L0Z posted...
Its your own fault if you underpaid. Thats why you also claim zero exemptions with your payroll office then youll always have a refund to look forward to
How so? My work deals with it.

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cleat76
02/17/20 2:32:49 PM
#12:


C_Pain posted...
Don't have that.

Like what?

How so? My work deals with it.

You fill out a form telling them how to handle your withholdings at the time of hire.

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C_Pain
02/17/20 2:39:00 PM
#13:


cleat76 posted...
You fill out a form telling them how to handle your withholdings at the time of hire.
I didn't. I work part time.

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On_The_Edge
02/17/20 3:05:54 PM
#14:


C_Pain posted...
I didn't. I work part time.

you do... lol

it's the form where you put 0s or 1s or whatever

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CableZL
02/17/20 3:07:26 PM
#15:


On_The_Edge posted...
you do... lol

it's the form where you put 0s or 1s or whatever

A lot of places don't offer 401ks to part time employees. The 0s and 1s go on your W4, not on your 401k withholdings.

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#16
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Alteres
02/17/20 3:09:05 PM
#17:


I am surprised that part time work can put you in a federal bracket where you will owe taxes...

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CableZL
02/17/20 3:10:35 PM
#18:


Alteres posted...
I am surprised that part time work can put you in a federal bracket where you will owe taxes...

For the most part, owing taxes isn't really about what bracket you're in. It's about whether you have or haven't paid enough income tax throughout the year based on what you specified on your W4 form.

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Tired-Insomniac
02/17/20 3:13:10 PM
#19:


I owed $650 before putting my Uber earnings in

I claimed Married-1 and wife claimed Married-0. $650 isn't much so I'm just keeping our withholding where it's at so I don't have to rework our budget again.

With Uber that jumped up to $842. Only made about $1600 last year and almost all of it was deducted by mileage so I just had to pay the FICA and Medicare stuff.

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skermac
02/17/20 3:14:48 PM
#20:


IbanezFan462 posted...
You did something wrong this year

its called not having enough withheld each payday

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Romulox28
02/17/20 3:32:19 PM
#21:


that's nothing, i owe $4k lol

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kyujo
02/17/20 3:39:44 PM
#22:


W4 form also had a redesign this year, so most people probably want to take another look at it for 2020 anyway.

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kingdrake2
02/17/20 3:41:03 PM
#23:


Romulox28 posted...
i owe $4k


all of the money is going to mar-a-lago for his golf trips.
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SK8T3R215
02/17/20 4:39:07 PM
#24:


Love how uneducated people are about their taxes.

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lilORANG
02/17/20 4:43:02 PM
#25:


I owe about $1,000. Got a big raise though so I jumped up tax brackets, so it's nbd. Just annoying.

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skermac
02/17/20 8:52:16 PM
#26:


$500 is nothing, be glad you don't owe $50,000 like a lot of people do

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Solid Snake07
02/17/20 8:54:55 PM
#27:


Then you made a big boy income last year, congrats. Welcome to adulthood

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