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How to stop owing so much each year
For the past few years, it seems like my wife and I are owing around $3000 in taxes every time we file. So each year, I take the amount I owed for the previous year, divide it by 26 and then add that to be withheld from each paycheck to avoid having to pay again, but lo and behold, this year we owe over $3300 yet again. Is there some better way to calculate how much extra to withhold so we’re not having to pay out so much each year?
March 25, 2025
4:53 PM