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Reply to "Just did taxes...annoyed. Other people in the same boat?"
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[quote=Anonymous][quote=Anonymous]We used a calculator to adjust withholdings based on the new tax law. This helped with federal taxes. We were already withholding an additional $100/pp/pay period but we added more based on the calculator. It worked for federal. We are getting a small refund of under $300. But we owe money for Maryland state taxes. Not sure how to adjust that withholding. [/quote] We did the same thing. I'm always suprised that people pay 10s of thousands, often hundreds of thousands in taxes and do not take any ownership for understanding their withholding. Even the payroll company can screw up. Do people also not thoroughly read and understand their mortgages when they buy a home as well? Based on the new tax law, we with held an extra $600 in fed and $200 for state each month. With this, we are BARELY scraping by with being even. All of this is done through our employer.[/quote]
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