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Joined 3 months ago
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Cake day: October 19th, 2024

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  • It’s done automatically in the US too, as far as it can be. Income tax is withheld from our paychecks based on a form we fill out, where we say if we’re single or married and how many dependents we have. But the formula used to figure out how much to withhold for tax can’t anticipate things we do during the year that change our taxes - for example, charity donations, investment income, or using our own cars for work purposes. So we have to do a final figuring.


  • LovableSidekick@lemmy.worldtoFunny: Home of the Haha@lemmy.world*sigh*
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    2 days ago

    Once I got a check from the IRS in October for around $1000, saying I had overpaid. I put it in the bank and that was that. About a month later they sent me a bill for $1000 in unpaid taxes plus interest going back to April 15, as if I had never paid it. This was a crock since they’d had the money almost the entire time, but the interest was only like $80, which I didn’t think was worth the trouble of disputing. Weird mistake though. Apparently they audit themselves.