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Reply to "Tax penalty — why is this not automatic "
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[quote=Anonymous]Looks like OP isn't the only one having these sorts of issues. https://www.politico.com/news/2024/04/15/tax-fewer-people-getting-refunds-00152248 "The new method is a less blunt approach towards withholding that takes into account more information about people’s individual circumstances. It’s also a lot more confusing, requiring people to essentially do a mini-tax return to estimate their withholding. The IRS has posted an online calculator to help people navigate it, but practitioners say it has befuddled many taxpayers, if they’ve even realized there is a new withholding system — another reason why people may be surprised this tax season. “It was intended to be far more accurate, but it is admittedly daunting,” said Pete Isberg, a vice president at the payroll processor ADP."[/quote]
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