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mason81x
New Member

I noticed that there are no federal taxes coming out of my check. Will I owe the IRS money?

 
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2 Replies

I noticed that there are no federal taxes coming out of my check. Will I owe the IRS money?

I noticed that there are no federal taxes coming out of my check. Will I owe the IRS money?

You have not said whether you are a W-2 employee or if you are an independent contractor.   If you are a W-2 employee----is Social Security and Medicare being deducted?    If not, you need to determine if you are going to be treated as an independent contractor and get a 1099NEC.   If that is the case, then you will owe self-employment tax for Social Security and Medicare as well as ordinary income tax.

 

If you are a W-2 employee and the employer is simply not taking out federal or state income tax, but is withholding SS and Medicare, you can use the W-4 calculator to see if you should be having more federal tax withheld.

https://turbotax.intuit.com/tax-tools/calculators/w4/ 

https://www.irs.gov/individuals/tax-withholding-estimator

https://www.irs.gov/pub/irs-pdf/fw4.pdf

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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