No federal taxes withheld

Take a consultation with a tax accountant so that they can evaluate your situation entirely. The new W4 system is based off income brackets say you work 3 jobs and make less than the standard deduction in each, if you didn’t set up your withholdings properly to reflect that you have multiple jobs, none of them will withhold federal taxes.

The IRS website has an estimator tool, where you can enter all of your information in and they will tell you how to set up your withholdings.

The issue is because of the new w4 forms and because your payroll administer cannot give advise or tell you how to set up your withholdings - they literally can only enter what you choose into the software and explain the form.

Or you can continue to withhold nothing and set some money aside, expecting to pay in full next April.

/r/Accounting Thread