What should I do if my companies payroll never took out my taxes but my W4 says I’m not exempt?

Forum|Forum|3 years ago
January 29, 2023
1 reply
3 views

No text available

TurboTax Free Edition Online

Bsch4477

Level 15

Discuss with your employer.

xmasbaby0

Level 15

Definitely discuss with your employer to see why no tax was withheld. Maybe it is a mistake and they need to correct your W-2. Or....if no tax was withheld..how did you not notice all year? Now that it is time to prepare your tax return, it is what it is. Make sure the W-2 is correct and then enter it as it appears. You might end up owing tax this year. We cannot predict for sure that you will owe since we do not know any of the amounts involved, your filing status, whether you have dependents, etc.

Maybe you should prepare a new W-4 and have more tax withheld for the upcoming year.

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.**