|Joined: ||Thu Nov 18th, 2010|
|Location: ||Michigan USA|
I'm paying $2500 more in taxes in 2018 than I did in 2017 on the same income earned. Even if I witheld more during the year in still down more than $2500 overall. That's a tax increase, not a cut.
I'm in the same boat- just did my Turbo Tax and with about the same income I owe even more this year. I did have quite a few capital gains to pay tax on. I also checked my payroll stubs- around the week of 1/14 I did see a small bump in my take home, but not enough saved over the course of the year to offset my taxes!! I'll probably have to pay that penalty for underpayment, something like 10%!