re: 2023 Tax Filing

quote:

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New company (started in 2023) software did not seem to capture W4 inputs properly and therefore Fed. Withdrawals were half of what there were in the past.

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This is almost always the case in these situations. You start a new job (or company gets bought out, or new payroll system, etc) and fill out a new W-4, and something gets screwy.

And, if you change jobs, most people also change salary, so you expect a change in your withholding... and don't think about whether the change is simply because of change of salary, or also because the W-4 has a problem.

But if your withholding went down by half, unless your income went way down... that should have been a clear sign something was wrong.

Now you know.