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It might be worth a conversation with HR and reveiwing your tax withholdings just to make sure there is not an error and misunderstanding as to how your company
by tcmart14 2y ago
It might be worth a conversation with HR and reveiwing your tax withholdings just to make sure there is not an error and misunderstanding as to how your company or the HR software is handling it. I ran into a somewhat similar situation early on at my current job, but we were able to find an issue and correct before I got hit with a nasty surprise at tax time.
My issue was that my with-holdings and everything looked fine. But I was not having any federal taxes taken out on my paychecks for federal with-holdings. Turned out to be a software issue that the company who makes it was able to correct.
- swozey 2y agoThanks! I'll speak with them. I know everything is through Bamboo/whatever software nowadays so I wasn't sure if they really had any control/input on these things.
- danans 2y ago> I know everything is through Bamboo/whatever software nowadays so I wasn't sure if they really had any control/input on these things. You have control, they don't. Withholdings are calculated based on elections you make on an IRS form called a W4 (which could be electronic or paper). Neither your employer nor the IRS "control" that, but there are some common case defaults. It's on each taxpayer to understand their actual tax liability situation and adjust withholdings accordingly.