whats everyones (box 2 / box 1) ratio? ours are both ~0.15; we got married in 2018 and also bought a house and changed our W4s to (married / 0 / 0) shouldnt our companies be witholding federal tax around a 0.18 ratio? asking because we owe a lot ($10k+) in federal taxes before deductions. pls share filing status, state, and ratio to help us understand how much our companies withhold. will need to adjust W4 next year for sure
If a significant portion of your compensation was through RSU’s/bonuses this part of your comp would be withheld at a flat 22% (supplemental rate) which is often too low for high incomes.
Owing 10k is like getting a 10k interest free loan with a balloon payment at April 15. Can’t be all that bad right?
Yeah fair if I invested all the extra In Tesla lol. Just caught by surprise a bit will have to hold a mini Reno project
You could get a penalty if you do that every year.