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submitted 4 days ago by doomsdayrs@lemmy.ml to c/asklemmy@lemmy.ml

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Like, if its collapsed, do I file? Do I even have to?

I am most certainly going to pay my state tax, but then what? What about stuff like my social security funds?

(I am asking for others because we're at that point now I suppose)

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[-] xmunk@sh.itjust.works 16 points 3 days ago

On that note... it might make sense to set a really low withholding this year.

[-] Empricorn@feddit.nl 4 points 3 days ago

...and the next.

I think you are only allow to reduce withholding if you did not owe them money when you did your most recent filing.

[-] BombOmOm@lemmy.world 0 points 3 days ago

Try to set it so nobody owes anybody much. If you fall too short on withholding you can end up paying interest on the difference.

this post was submitted on 04 Feb 2025

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