- Social Security and Medicare is for your old age or disability with the Social Security Administration and is only factored in if you overpaid or underpaid. The program will handle that for you.
- State tax paid is reported with your state return to determine if you owe money or have a refund - it can be used on the federal if you itemize deductions. The program handles this for you.
- Federal tax paid is reported on your 1040 line 25. If your wages/ income is correctly reported along with federal tax paid and you did not have enough withheld by your employer, then you would owe the IRS money.
You may want to change your w4 at work to take out more money.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
