The reason stated why I now owe money is that there weren't enough taxes taken out relative to my income. But I started the job in late august. How does that make sense?

matthendler-gmai · ‎February 16, 2023

Yes, obviously not enough taxes were taken out this year relative to my income because I only started making that much money in late august. It seems like I now owe money for no reason. Is there something I'm missing, or is this just how it works?

xmasbaby0 · ‎February 16, 2023

No one here can see your tax return. We do not know how much income you entered or how much tax was withheld. If you had self-employment income earned as an independent contractor you owe self-employment tax for Social Security and Medicare. Or did you receive a W-2? If you have a W-2, what is in box 1? Box 2?

**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.**

fanfare · ‎February 16, 2023

as time goes by you can learn to adjust the W-4 you give your employer.

you can file a new W-4 at any time.

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The reason stated why I now owe money is that there weren't enough taxes taken out relative to my income. But I started the job in late august. How does that make sense?