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re: First time ever I owe taxes
Posted on 3/24/24 at 9:57 pm to dallastiger55
Posted on 3/24/24 at 9:57 pm to dallastiger55
Do you have a taxable brokerage or a bunch of cash in a High Yield Savings Account that is throwing off interest or dividends?
There isn’t any withholding in those and it can quickly throw things off.
There isn’t any withholding in those and it can quickly throw things off.
2
Posted on 3/24/24 at 10:06 pm to lynxcat
Welcome to the rest of us. Can’t remember the last time I didn’t owe money. Married and we both claim zero dependents. We file jointly and always owe thousands. I just consider it a interest free loan at this point
Posted on 3/24/24 at 10:14 pm to lynxcat
quote:Significant increases in interest income are throwing a lot of people off this year. The increases in interest rates creates additional taxes (whereas the related increases in all other costs do not lead to reduced taxes).
Do you have a taxable brokerage or a bunch of cash in a High Yield Savings Account that is throwing off interest or dividends?
There isn’t any withholding in those and it can quickly throw things off.
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