MelodyB
Employee Tax & Finance Expert

Get your taxes done using TurboTax

When you have a tax liability when you file your taxes this sometimes means that you didn't have enough tax withheld during the year.  Tax is due when income is earned and not when you file your taxes.  For example if you sell investments which generates capital gains or if you have a rental property you typically don't withhold taxes during the year on that income.  Therefore, when you file your taxes you may be penalized if you have an additional tax liability.  I recommend that you take a look at our W-4 calculator, people find it very helpful.

 

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

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