We owed money the last couple years. We definitely didn’t opt out of withholding, and we don’t make any income from interest. It’s as easy as just not having your paperwork done correctly. Or even when it is, as it was in our case, the default withholding is an estimate which is why most end up overpaying (hence the refunds). I ended up putting an additional $50/check for taxes so we’d at least be getting close to owing nothing. This is the first year in quite a few that we actually got some money back.
We owed money the last couple years. We definitely didn’t opt out of withholding, and we don’t make any income from interest. It’s as easy as just not having your paperwork done correctly. Or even when it is, as it was in our case, the default withholding is an estimate which is why most end up overpaying (hence the refunds). I ended up putting an additional $50/check for taxes so we’d at least be getting close to owing nothing. This is the first year in quite a few that we actually got some money back.