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April 15, 2021
Question

If i claimed 0 withholdings and had an extra 50 dollars taken out per paycheck each month, how do i still owe 2900?

  • April 15, 2021
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1 reply

April 15, 2021

Are you married and does your spouse work or do you have a second job?  The income from your second job or from your spouse could be pushing up the tax tables then taxed at your higher marginal tax rate.  Did you have any self employment income?  That income is taxed at both your marginal tax rate plus 15.3% for self-employment tax.  What is your filing status.  See the tax rates and where the rates break for each filing status.