Payroll tax help

[MLC]

Well, the good thing is if you’re paying federal income taxes then you’re making money through gainful employment and/or profitable investments.

And of course, it’s not your money, it’s the government’s.

 

[D_Walt]

And of course, it’s not your money, it’s the government’s.

If you owe it to them then, yes it’s theirs… it is literally the worst system on earth except for all the others.

 

[SAJ-99]

And of course, it’s not your money, it’s the government’s.

Don't want to bounce those Social Security checks.

 

[BigHornRam]

Don't want to bounce those Social Security checks.

We can put it on the tab. We're good for it.

 

[SAJ-99]

We can put it on the tab. We're good for it.

Now you’re catching on!!! Enjoy today, worry about the bill later and call it all Freedom!

 

[BigHornRam]

Now you’re catching on!!! Enjoy today, worry about the bill later and call it all Freedom!

That's called stupidity.

 

[SAJ-99]

That's called stupidity.

Certainly a different spelling than mine.

 

[antelopedundee]

Definitely easy to wind up under-withheld as a married couple. My wife went back to work for the first time in 15 years in 2022…I thought I had discussed her W4 withholding but apparently not… Imagine my surprise when last January I realized she had made almost $70k and only about $1000 of federal income tax withheld. It was a real kick in the pants.

Did you manage to avoid a penalty?

 

[D_Walt]

Did you manage to avoid a penalty?

nope

 

[antelopedundee]

We can put it on the tab. We're good for it.

They're just paying back the IOUs from the funds that they've "repurposed" over the years.

 

[antelopedundee]

nope

One needs to do their tax liability estimating in December and try to make up any deficiencies by the 31st. IRS PayDirect is handy for that. I would never send a check to the IRS via unless it was trackable.

 

[D_Walt]

One needs to do their tax liability estimating in December and try to make up any deficiencies by the 31st. IRS PayDirect is handy for that. I would never send a check to the IRS via unless it was trackable.

One wishes he had done that…