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Reply to "Owing Federal tax each year - am I doing something wrong?"
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[quote=Anonymous]There comes a point where claiming 0 deductions doesn't get you any where close to the right amount of tax withholding. If you owe $5, that means should should have withheld an additional $416 per month. If you are paid every other week, that's an extra $192 on top of the $100 you are already doing. Our income has gone past this zone and I have to withhold an even larger amount. [/quote]
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