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Forum
-> Working Women
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amother
Mauve
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 Tue, Jan 31 2017, 11:35 am
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Is it possible to still owe taxes if your pay check was set to take out the max tax amount with no deductions?
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amother
Babypink
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Tue, Jan 31 2017, 11:39 am
| amother wrote: | | Is it possible to still owe taxes if your pay check was set to take out the max tax amount with no deductions? |
Yes.
What about spousal income. Gifts. Investment income.
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ra_mom
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Tue, Jan 31 2017, 11:40 am
| amother wrote: | | Is it possible to still owe taxes if your pay check was set to take out the max tax amount with no deductions? |
If you're a double income household with a joint tax return?
Yes. Unfortunately I know about this too well.
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amother
Saddlebrown
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Tue, Jan 31 2017, 11:51 am
Yes
A two income household makes this possible. If you have other sources of income (investments, shareholder or partner in a company that passes on the tax income), then especially so.
If this is the situation, you can have your employer deduct an additional amount.
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