+ Reply to Thread
Results 1 to 14 of 14
  1. #1
    above82 is offline Member
    Join Date
    Aug 2004
    Posts
    81

    Not enough federal taxes from paycheck

    What is the name of your state (only U.S. law)? FL

    I just recently did my taxes and for the life of me couldnt figure out why my normal tax return was way less than normal. I finally realized my employer did not take out enough federal taxes on my W2

    just an example

    Wages $10,000 federal income tax withheld $250

    No dependents
    No tax write offs

    My tax return is just as simple as inputting the wages

    I get about the same each year, this year way too little.

    Is my employer liable for the mistake? Also my filing status has been the same for years with the same company. Do I go to the tax office to have this looked at or call the employer?
  2. #2
    davew128 is offline Senior Member
    Join Date
    Nov 2007
    Posts
    4,686
    Quote Originally Posted by above82 View Post
    Is my employer liable for the mistake?
    What mistake do you think THEY made? A single person with no dependents making $10k a year should owe about.....$250 in tax for the year.

    Sounds like they got it right.

    Also my filing status has been the same for years with the same company. Do I go to the tax office to have this looked at or call the employer?
    Here's an idea: CALL THEM.
  3. #3
    cbg
    cbg is offline Senior Member
    Join Date
    Nov 2001
    Location
    Massachusetts
    Posts
    33,460
    So....when you completed your W-4, what did you tell them to take out?

    An employer takes out the taxes that YOU tell them to take. If not enough was taken out, it's no one's fault but yours.
    Two things I am tired of typing: 1.) A wrongful termination does not mean that you were fired for something you didn't do; it means that you were fired for a reason prohibited by law. 2.) The above answer, whatever it is, assumes that no legally binding contract or CBA expressly says otherwise. If it does, the terms of the contract apply.
  4. #4
    Zigner is offline Senior Member
    Join Date
    Jan 2005
    Location
    California
    Posts
    51,505
    Just for the sake of accuracy...

    You are asking why your REFUND was so little. The RETURN is the form you fill out...
  5. #5
    TheGeekess is offline Senior Member
    Join Date
    Nov 2007
    Location
    The Heart o' Dixie
    Posts
    9,551
    Quote Originally Posted by Zigner View Post
    Just for the sake of accuracy...

    You are asking why your REFUND was so little. The RETURN is the form you fill out...
    And I don't understand why someone would allow the Fed to hold onto their money for the year when it could be in their pocket every payday. It's not a savings account.
  6. #6
    Ozark_Sophist is offline Senior Member
    Join Date
    Sep 2006
    Location
    Missouri Ozarks
    Posts
    3,354
    Quote Originally Posted by TheGeekess View Post
    And I don't understand why someone would allow the Fed to hold onto their money for the year when it could be in their pocket every payday. It's not a savings account.
    This. I would rather have zero return or pay some at tax time then give the government an interest free loan.
  7. #7
    Join Date
    Sep 2010
    Posts
    647
    Quote Originally Posted by above82 View Post
    What is the name of your state (only U.S. law)? FL
    I get about the same each year, this year way too little.

    Is my employer liable for the mistake?.... Do I go to the tax office to have this looked at or call the employer?
    Liable for any penalty? No. Go file an updated W-9 with your employer OR file quarterly payments.

    Since you are still getting $$ back it sounds like you are just not getting the tax refund you would like. You are free to pay via paycheck more for this refund next tax year.
  8. #8
    cbg
    cbg is offline Senior Member
    Join Date
    Nov 2001
    Location
    Massachusetts
    Posts
    33,460
    wrongmoreoftenthanhe'sright is holding true to his name.

    Employees complete W-4s. IC's complete W-9s.

    The poster clearly states that he is an employee.
    Two things I am tired of typing: 1.) A wrongful termination does not mean that you were fired for something you didn't do; it means that you were fired for a reason prohibited by law. 2.) The above answer, whatever it is, assumes that no legally binding contract or CBA expressly says otherwise. If it does, the terms of the contract apply.
  9. #9
    above82 is offline Member
    Join Date
    Aug 2004
    Posts
    81
    CBG then how come last year I made the same amount, nothing has changed on my filing status and they took out over 1000 in federal?

    I have a friend who made 12k they took out 1100.same filing status, same company.

    Davew128...no need to be snide..i know to call them. I wasn't sure if this was the responsibility of the employers book keeper or the IRS. and why should I owe taxes? I haven't changed anything in years with this company. I have always received about the same refund every single year.

    wrongsometimes...i'm not an independent contractor so why would i file an I9?

    Everyone, i'm just trying to get some information. I don't see why some have to make comments like i'm an idiot. I'm far from one and don't appreciate the way some comments are made.

    I cant understand how for the past 5 years working for this company my tax refund has always been the same. I haven't changed anything, I haven't received a raise I haven't married, I have the same filing status, so why not the same refund?

    Is this clear? I feel I have to speak the same way I am spoken to on here so forgive me for speaking my mind.
  10. #10
    justalayman is offline Senior Member
    Join Date
    Nov 2005
    Location
    in the ether
    Posts
    33,021
    the amount of tax we pay each year does vary. Didn't you hear anything about things like the Bush tax cuts or any other tax program. The federal government can change the amount of tax we pay every year.

    I cant understand how for the past 5 years working for this company my tax refund has always been the same. I haven't changed anything, I haven't received a raise I haven't married, I have the same filing status, so why not the same refund?
    maybe the accounting department realized they were taking out an excessive amount of tax the prior years and has corrected it this year. It really is irrelevant. The amount of your tax refund really means nothing. Ideally, you should neither have to pay additional tax or get a refund if the exact correct amount is taken out.
  11. #11
    davew128 is offline Senior Member
    Join Date
    Nov 2007
    Posts
    4,686
    Quote Originally Posted by above82 View Post
    and why should I owe taxes? I haven't changed anything in years with this company. I have always received about the same refund every single year.
    What happened when you compared both year's tax returns to each other and noted the differences?

    Again, someone with $10k in wages would have tax of $250.....and depending on how much you earned per pay period, it is easily conceivable you would have NO tax withheld....which of course is not what you said in your first post.
  12. #12
    above82 is offline Member
    Join Date
    Aug 2004
    Posts
    81
    The comparison showed we both made approximately the same give or take a few bucks...we file the same...single, no dependents...his federal tax showed 1100...his earnings around 10k...my federal tax $250...my earnings around 10K..something had to be wrong. I get the same W2 every year.


    Quote Originally Posted by davew128 View Post
    What happened when you compared both year's tax returns to each other and noted the differences?

    Again, someone with $10k in wages would have tax of $250.....and depending on how much you earned per pay period, it is easily conceivable you would have NO tax withheld....which of course is not what you said in your first post.

    So I contacted the office..and as suspected the wrong information was inputted into my W2. The argument I had posted on here was correct, a mistake was made. My new W2 now shows the correct Federal Taxes paid which was over 1000K not $250. I have been getting the same information on my W2 for the last 5 years and I knew something had to be wrong and I was right.
  13. #13
    anteater is offline Senior Member
    Join Date
    Sep 2004
    Posts
    5,951
    Quote Originally Posted by above82 View Post
    So I contacted the office..and as suspected the wrong information was inputted into my W2. The argument I had posted on here was correct, a mistake was made. My new W2 now shows the correct Federal Taxes paid which was over 1000K not $250. I have been getting the same information on my W2 for the last 5 years and I knew something had to be wrong and I was right.
    That's good, but...

    If your wages are around $10K, why in the world are you having $1,000 withheld?
  14. #14
    davew128 is offline Senior Member
    Join Date
    Nov 2007
    Posts
    4,686
    Quote Originally Posted by above82 View Post
    So I contacted the office..and as suspected the wrong information was inputted into my W2. The argument I had posted on here was correct, a mistake was made. My new W2 now shows the correct Federal Taxes paid which was over 1000K not $250. I have been getting the same information on my W2 for the last 5 years and I knew something had to be wrong and I was right.
    And had you compared your W-2 to your final paystub the error would have been discovered immediately.

Similar Threads

  1. Federal Taxes?
    By Stott in forum Child Custody & Visitation
    Replies: 15
    Last Post: 09-06-2010, 01:56 PM
  2. Federal Taxes
    By NeedHelpInPA in forum Wills, Trusts and Estate Planning
    Replies: 2
    Last Post: 09-26-2006, 09:07 PM
  3. Federal Taxes?
    By NeedHelpInPA in forum Tax Law
    Replies: 3
    Last Post: 09-24-2006, 11:05 AM
  4. Replies: 2
    Last Post: 03-10-2006, 12:16 PM
  5. Federal Taxes
    By Benjaline in forum Divorce, Separation & Annulment
    Replies: 2
    Last Post: 02-08-2005, 04:30 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

© 1995-2012 Advice Company, All Rights Reserved

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995. While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our Disclaimer and Terms & Conditions Of Use.