Does anybody else owe taxes every year?

[who_better_than_me]

U have a spouse or kids? If not, that means u supposed to file as a single person. This is why its saying u owe. U cant say u head of the household with no spouse and other dependents.

Do the IRS give u time to pay or do they want a lump sum? Just curious because I file 0 because I don't want to have to owe shyt back.

I don't file head head of household. I file single. Don't claim no dependents when I file. When in fill out that alloawance spreadsheet, it says I should claim 2 allowances on my paycheck so that's what I do

 

[who_better_than_me]

Unless you're jerkin' yourself out of write offs, why not? Why would you want someone holdin' your money when you get nothin' in return?

Because I owe something in return!!!!!

 

[CarbonBraddock]

go on the irs website and use their calculator and it will show you how much to to withhold in order to avoid having to pay in. /thread

 

[Hacksaw Jim Thuggin]

It varies. Lowest in last couple years been 40k....

yea your exemptions are messed up....

unless you've been borrowing from your 401k or something

 

[BezO]

Because I owe something in return!!!!!

If you owe, you've borrowed money interest free. If they owe you, they've borrowed money interest free.

 

[who_better_than_me]

yea your exemptions are messed up....

unless you've been borrowing from your 401k or something

I don't touch my 401k. I be wanting to turn it off fora lil while to have some extra money but just let it be. How long do you suppose to keep putting money in there. I don't want to do that shut until I retire. I been allocating money to it for almost 5 seven years. I have more money in my retirement than my own pockets

 

[Primetime21]

Your write offs probably aren't high enough relative to your salary to balance out what you're having to owe from not having enough taxes taken out of your checks.

 

[who_better_than_me]

go on the irs website and use their calculator and it will show you how much to to withhold in order to avoid having to pay in. /thread

Link?

 

[who_better_than_me]

Your write offs probably aren't high enough relative to your salary to balance out what you're having to owe from not having enough taxes taken out of your checks.

I don't know what I just read..... I'm getting frustrated. I work too hard for this shyt.

 

[who_better_than_me]

Somebody told me it the state I live or work in. I'm thinking or moving to Florida, Texas, or Nevada. You don't have to pay taxes there, so I probably wouldnt owe taxes living in those states right?

 

[Hacksaw Jim Thuggin]

I don't touch my 401k. I be wanting to turn it off fora lil while to have some extra money but just let it be. How long do you suppose to keep putting money in there. I don't want to do that shut until I retire. I been allocating money to it for almost 5 seven years. I have more money in my retirement than my own pockets

breh...leave the money in the 401K...as a matter of fact max it out...especially if they match it

and yes its for your retirement

 

[who_better_than_me]

breh...leave the money in the 401K...as a matter of fact max it out...especially if they match it

and yes its for your retirement

I already do that and know that. But what I'm saying is how much do you really need in there when you retire. And how does it get disperse. Does it come out like a monthly paycheck or you just get it all at once?

 

[Hacksaw Jim Thuggin]

I already do that and know that. But what I'm saying is how much do you really need in there when you retire. And how does it get disperse. Does it come out like a monthly paycheck or you just get it all at once?

breh...honestly youre gonna need atleast a milli depending on how well you want to live....

you can take a lump sum or get monthly checks

 

[Darealtwo1]

Somebody told me it the state I live or work in. I'm thinking or moving to Florida, Texas, or Nevada. You don't have to pay taxes there, so I probably wouldnt owe taxes living in those states right?

Who told you this bs...these states just have no income tax....You still pay taxes breh lol and trust me, they get their money in other ways thru sales tax, property tax, and their pay scales are way lower compared to what you would make in like LA/Frisco or NYC/DMV. The only time these states are really helpful is it you play a professional sport because the pay scale is the same.

You can't beat the system lol...its the gov't.

 

[Ghost Utmost]

I don't file head head of household. I file single. Don't claim no dependents when I file. When in fill out that alloawance spreadsheet, it says I should claim 2 allowances on my paycheck so that's what I do

Let's go slow.

The more you claim (2) the less they take out of your check.

So if you claim less (0 or 1) they take more out of your check.

Decide. Do you want them to hold your $1K throughout the year or do you want to get an extra few dollars on each check?

So simply. Stop claiming 2 if you don't want to owe.