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re: Underpayment penalty on taxes......Paging Poodle...please see last post
Posted on 4/2/13 at 3:41 pm to VABuckeye
Posted on 4/2/13 at 3:41 pm to VABuckeye
quote:
By claiming 0 do you mean claiming zero dependents? If you do then you stated the opposite of what will happen. At 0 dependents they are going to take the maximum withholdings allowed out of your paycheck.
Isn't there some way for you to have no taxes taken out when you receive your paycheck? I'm not 100% sure about this, but I could swear I've heard people suggest that this was possible, and they wanted to do it to spite the government.
1
Posted on 4/2/13 at 4:07 pm to TJG210
I believe you can always set up a scheduled payment plan and pay your taxes based on what you think you will owe for this year, in say quarterly payments. That wouldn't require you to withhold an amount every pay period. Someone can correct me if I am wrong.
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