Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Under withholding- anyone else have this problem?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]You're going to have to pay and underpayment penalty. Do the estimate on the IRS website.[/quote] The penalty is tiny though. We used to owe huge amounts 20-50k and the penalty was a joke. Now our employer lets us pick how much extra to withhold over the supplemental rate so we do that. You should either elect for extra withholding, remove and exemptions, or worst case you could do estimated taxes to avoid the small penalty. The supplemental rate jumps up to 37% once you make more than 1M for the year too, which limits the amount of error for W2 employees making variable income and large bonuses. [/quote] What's your income?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
