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Reply to "Huge (for us) tax bill. What went wrong?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just tell the IRS how much to withhold. If I owed 25k. I would just add 2k each pay period. The IRS knows nothing about your investments.[/quote] Dear lord, that’s about the equivalent to what my DH brings home a month. It’s not even worth him working as we are losing then $35k a year on childcare. [/quote] But you will still owe most of that if he quits. That sounds like it’s primarily the tax burden on your income. It’s not as if him quoting will reduce your tax bill by $40k. How much was withheld? Also, I do have sympathy because something similar happened to me last year and I had to double my withholding mid year to get close to our expected taxes. Very frustrating.[/quote]
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