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Money and Finances
Reply to "fed tax way underwithheld this year. arghhhh"
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[quote=Anonymous][quote=Anonymous]This happened to me a few years ago after I got a new job. We each got a lot more withheld to be on the safe side and are looking at a big refund this year. It is a bit like forced savings for us. [/quote] NP How much extra do you have withheld? A few years ago we could no longer itemize on the federal and ended up owing about $8k. That hurt. We then each had an extra $200 withheld from each pay and still ended up owing a couple $k each year the past few years. It would be helpful if we could at least itemize on our state return, but VA requires a match of what you do on the federal. [/quote]
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