topic I made too much money last year and got put into higher tax bracket. Due to this, I now owe ($29) rather then recieving a return. Can I do anything about this? in Get your taxes done using TurboTax

I made too much money last year and got put into higher tax bracket. Due to this, I now owe ($29) rather then recieving a return. Can I do anything about this?

m7239 — Mon, 09 Mar 2026 05:11:42 GMT

Re: I made too much money last year and got put into higher tax bracket. Due to this, I now owe ($29) rather then recieving a return. Can I do anything about this?

Agilliam80 — Wed, 23 Feb 2022 07:39:54 GMT

That can be a very tricky situation, to be protected and best answered, I would strongly suggest you contact a licensed tax personnel. You could contact H&R Block and just get their opinion on the matter. They have always been a good source for me to get information. I don't trust the government/IRS, therefor I always make sure I double and triple check everything.

Re: I made too much money last year and got put into higher tax bracket. Due to this, I now owe (...

JohnB5677 — Wed, 23 Feb 2022 13:11:06 GMT

No, not for this tax season. Provided your taxes are properly prepared, you will have to pay the $29. If you have questions about deductions or credits, you can ask them on this forum.

To avoid this circumstance for next year you should prepare a W-4 and give it to your employer. The W-4 tells the payroll service the guidelines for your withholdings.

Go To:

Other tax situations
Scroll to Form W-4 and estimated taxes
Adjust how much tax you pay = Yes
Follow the interview

Re: I made too much money last year and got put into higher tax bracket. Due to this, I now owe (...

m7239 — Wed, 23 Feb 2022 13:15:31 GMT

I still don't understand how this even is. I claim all 0's in case of crap like this. How am I suppose to know they're gonna suddenly take more money. There's no way to anticipate that.

Re: I made too much money last year and got put into higher tax bracket. Due to this, I now owe (...

SweetieJean — Wed, 23 Feb 2022 13:21:08 GMT

Suggest you look into opening a Traditional IRA.

And the government needs tax revenue on order to operate.