themudcrabking
themudcrabking t1_jeei025 wrote
Reply to comment by megarooski3 in Taxes - No deductions but still owing?? by [deleted]
If you’re having nothing withheld that’s why. A simple version would be as follows:
Tax owed at filing=(total tax owed)-(tax withheld during the year)
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).