The wife and I have changed jobs the last couple years increasing our household income and 2023 is the first year where we're both in our new positions for the entire year. I expected to owe 2 - 3k over least year but somehow even with three kids we are short five figures?!! I'm beside myself. We are fortunate to have such a problem and we can pay it and adjust our withholdings but it will eat into our savings more than anticipated. Keep in mind this is just income from our employers, no capital gains or other income included. IMO the withholdings calculators woefully mislead us.
Anyone else get a surprise, good or bad, this tax season?
Anyone else get a surprise, good or bad, this tax season?
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