Post by kjs on Jan 25, 2019 13:18:59 GMT -6
First -- this is not to scare anybody -- it is simply a unique event that has occurred to six of my friends....
It does make me go "Hmmm" and I have no idea if it has affected me the same way -- since I have not got to the point of doing my Tax calculations YET......
BUT would like to KNOW -- if ANYONE else has notice the same things?
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Here is the story line -- so far I have had SIX friends -- posted this on Facebook -- and it has all happened to them.
These friends do their taxes very early in the tax season -- because they are ready to collect their refunds and have some spending money for the first of the year......
OUT of these Six friends -- Five do the Standard deductions and One does the Itemized deductions.....
ALL SIX friends -- OWE Money this YEAR... (most in the under 1000 dollar range -- One owes around 3000 dollars)....
Turns out because the TAX RATES shifted -- IF A person did not adjust their W4s (their withhold Allowances) .... NOT enough money was withheld during the year in Taxes
with the result being instead of getting a fairly nice refund check ........ THEY ALL OWE additional taxes (and the one with over 3000 -- faces penalty )
ANY ONE ELSE HEARING THE SAME STORIES?
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AFTER MORE research came across this ARTICLE