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Reply to "Just did taxes...annoyed. Other people in the same boat?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh well, you owe the same amount anyway, so what’s the big deal? Yes, we also got hit with a big end of the year tax bill, but our overall taxes went way down, so I really see no reason to complain. The difference is we didn’t give the government a no interest loan for once, instead they gave us one![/quote] 1. You could owe a penalty 2. Not everyone has the cash to pay a tax bill [/quote] Unlikely there would be any penalty if you stuck with the new tax tables, even if they are off. Regarding not having the cash to pay the tax bill, yes that is a problem, but it was a good idea to keep some cash on hand this year to see how things would pan out. [/quote] You will have a penalty if you are not within the safe harbor. [/quote]
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