Why do I owe taxes when they have been taken out of every form of income?
02448
2 Replies
unclewutang
New Member
Jan 23, 2021 6:30:00 AM
Is it because I claimed myself and my 3 children as dependents on my w-2's
Hal_Al
Level 15
Jan 23, 2021 7:50:02 AM
Yes. Or, in general, your withholding wasn't enough. Withholding is just an estimate of the final tax due. It's unrealistic to expect to be exact. "Everybody" either owes or gets something back.