Submitted by [deleted] t3_127k9cf in personalfinance
themudcrabking t1_jeejcin wrote
Reply to comment by megarooski3 in Taxes - No deductions but still owing?? by [deleted]
Claiming no deductions on your W4 and having nothing withheld are 2 separate things.
The more deductions claimed the less you’ll have withheld.
My previous comment is assuming you are not having anything withheld. You should review your W4 and W2 in order to understand which statement is correct (0 deductions or 0 withholding).
megarooski3 t1_jeek020 wrote
Thank you!
We were able to get a meeting with a CPA yesterday for today, so hoping someone can make sense of this. I know each person's situation is different, but i can say friends/colleagues of mine that are also making around the close to the same range as me and not claiming allowances/or further withholdings are not having this issue But thank you so much for all your help, these have been really helpful comments.
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