Hi!
An income tax bill isn’t necessarily triggered by high income. It’s triggered by a difference between what you owe, and what’s been paid on your behalf in advance.
Some common situations that can result in an unexpected tax bill:
* Each individual is allowed an amount of earnings before having to pay tax, called an exemption. When two different employers are issuing slips for the same person, sometimes each employer assumes the first portion of the income they pay you is exempt. The result is that twice as much income is treated as if it’s exempt, so some taxable income has no associated tax withheld on it.
QuestionTaxSpouse
Returning Member
Independent Tax Filer
Level 3
Leanne11
Returning Member
shailendragurjar
New Member
ccgr593508
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.