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Estimated withholdings are even worse IMO, especially for variable 1099 income. "How much should I pay?" "Enough" "What if I don't pay enough" "We'll fine y
by candiddevmike 3y ago
Estimated withholdings are even worse IMO, especially for variable 1099 income.
"How much should I pay?"
"Enough"
"What if I don't pay enough"
"We'll fine you"
"What if I pay too much?"
"We'll refund you, in a year"
- jstarfish 3y agoEh, I forgot to file state taxes one year and they spent the next 3 harassing me about it and threatening me with fines. I continued to ignore it out of sheer laziness (was a trivial amount since I was underemployed) and eventually they garnished my wages for what was owed. It was unexpected and harsh; 25% skimmed off every check. ...but--and I don't know where the fault here lies--payroll garnished too much. Pay remained 25% less than it should be and my employer's hands were tied unless I had release forms faxed over, and then I had to go harass the state for a refund. Meanwhile, my autopay regimen was disrupted so some bills were going unpaid. But they were more responsible than I was and paid out in 4-6 weeks as promised. All the time I didn't spend just sitting down and paying the taxes, I ended up spending on phone hold trying to reclaim overpayments and reactivate services. Would have been easier to just pay the taxes in the first place.
- lmwnshn 3y agoFor an eh in the other direction: I overpaid PA state taxes in 2020 by a decent chunk. The last time I called, they said that they're still processing amended returns from 2019 (which you can verify by going to their "Where's my refund" page and looking at the year dropdown).