In April, I got a 15% raise. I'm not sure if that has to do with me owing taxes rather than getting a refund. I am just wondering if in general, employers don't withhold enough for this sort of thing. I only owed $127, but last year I was refunded $1750.
Tigerpaw123 USA Fan Louisiana Member since Mar 2007 9808 posts
re: Is it normal that I owe taxes if I got a raise in the middle of the year?(Posted by Tigerpaw123 on 1/23/13 at 8:01 pm to LSUtoOmaha)
quote: I am just wondering if in general, employers don't withhold enough for this sort of thing
Your responsibility not there's, could be for a number of things, but actually looks like you did well, remember the goal is to neither owe anything or receive anything when you file your return. Owing $127 is pretty close
TROLA LSU Fan BATON ROUGE Member since Apr 2004 6947 posts
re: Is it normal that I owe taxes if I got a raise in the middle of the year?(Posted by TROLA on 1/23/13 at 10:03 pm to LSUtoOmaha)
174 is pretty damn good..assuming witholdings didn't change and deductions were close, you probably fell right over the border of a new tax bracket. That will sometimes shift around how close the overall witholding table comes to actual.. This is assuming you didn't get hit with a small amount of AMT.