Originally Posted By u/transcendent167 At 2025-03-23 06:40:34 PM | Source


  • BaroqueInMind
    link
    fedilink
    English
    arrow-up
    8
    ·
    2 days ago

    If you skip filing, they simply keep the surplus taxes you/your employer overpaid that they owe you, so this is a stupid headline.

    • neatchee@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      2 days ago

      This really only applies to full time employees on a W-2 who also declared less than the actual number of exemptions they are eligible for.

      Personally I always declare no exemptions, let them take the maximum amount, and then enjoy my fat return every March.

      But lots of people claim too many exemptions for withholdings and end up owing money, are on a 1099 and don’t have withholdings at all so need to pay their full taxes at the end of the year, or are a business and always owe taxes at the end of the year (unless they have fancy deductions to offset or defer their tax burden)