Another tax question

[Nizzy 1]

Okay so I finaaly got my W-2's and filed my taxes on turbo tax and all was fine and dandy until I filed my state taxes...it stated that I owe 211 dollars...I don't even get much back for federal taxes to begin with...why do I owe so much??

[w¡n9Nµ7 §£@¥€r 123]

Because you withheld too little.

[Nizzy 1]

Because you withheld too little.

I withheld what? You mean cause I didn't make much and don't have any dependents?

[w¡n9Nµ7 §£@¥€r 123]

Because you withheld too little.

I withheld what? You mean cause I didn't make much and don't have any dependents?

Depending on how much you make and how many dependents you have and how many deductions you have (etc), you need to withhold the "right" amount. Talk to your payroll department and figure out your "right" withholding for 2006 so you're not in the same situation next year.

[Nizzy 1]

Because you withheld too little.

I withheld what? You mean cause I didn't make much and don't have any dependents?

Depending on how much you make and how many dependents you have and how many deductions you have (etc), you need to withhold the "right" amount. Talk to your payroll department and figure out your "right" withholding for 2006 so you're not in the same situation next year.

Oh why oh why oh why oh why do I have to be an adult? That's it! I'm not working anymore!

[aussiewench 9]

Because you withheld too little.

I withheld what? You mean cause I didn't make much and don't have any dependents?

Depending on how much you make and how many dependents you have and how many deductions you have (etc), you need to withhold the "right" amount. Talk to your payroll department and figure out your "right" withholding for 2006 so you're not in the same situation next year.

Oh why oh why oh why oh why do I have to be an adult? That's it! I'm not working anymore!

I'm with you

[m_and_m20 0]

Same thing happened with us.....owed in federal and got back in state.

funny thing is my husband overpaid taxes, but i somehow didnt pay enough, therefore screwing up the system entirely!

*on a side note*

Why is it that when the government owes you money (your own money that they took from you) They take there sweet time sending you the refund check??? BUT......if you owe the government money, they cash that check in less than a week??? literally, i mailed my taxes with a check for the amount i owed on a tuesday, by the following monday that check was cashed!

[Mirorgate 0]

*on a side note*

Why is it that when the government owes you money (your own money that they took from you) They take there sweet time sending you the refund check??? BUT......if you owe the government money, they cash that check in less than a week??? literally, i mailed my taxes with a check for the amount i owed on a tuesday, by the following monday that check was cashed!

They gotta make sure that all the necessary.. *ahem* people are paid for their "good services".

[eau_xplain 2]

*on a side note*

Why is it that when the government owes you money (your own money that they took from you) They take there sweet time sending you the refund check??? BUT......if you owe the government money, they cash that check in less than a week??? literally, i mailed my taxes with a check for the amount i owed on a tuesday, by the following monday that check was cashed!

Maybe because according to the Treasury Secretary the country is quickly running out of cash? heheh .. sorry.. just being facetious

Edited March 16, 2006 by eau_xplain

[faith 0]

Not that I'm dending the IRS, BUT... keep in mind they do have to have someone "check" your return for mistakes. That does take a little time. I mean, if they just trusted people to say " you owe me $5000 " the country would be broke in no time at all with all the people cheating the system.

And if you chose to efile and direct deposit you can have your money back in as little as a week. My state came back in 2 days with direct deposit.

Edited March 16, 2006 by faith

[m_and_m20 0]

Not that I'm dending the IRS, BUT... keep in mind they do have to have someone "check" your return for mistakes. That does take a little time. I mean, if they just trusted people to say " you owe me $5000 " the country would be broke in no time at all with all the people cheating the system.

And if you chose to efile and direct deposit you can have your money back in as little as a week. My state came back in 2 days with direct deposit.

Maybe.......but do you think that they "check" to make sure if someone is supposed to owe money or not??

[faith 0]

Not that I'm dending the IRS, BUT... keep in mind they do have to have someone "check" your return for mistakes. That does take a little time. I mean, if they just trusted people to say " you owe me $5000 " the country would be broke in no time at all with all the people cheating the system.

And if you chose to efile and direct deposit you can have your money back in as little as a week. My state came back in 2 days with direct deposit.

Maybe.......but do you think that they "check" to make sure if someone is supposed to owe money or not??

they do a preliminary "look" at it to make sure it "looks" ok before OK'ing it.