Do you owe taxes or get a return? If owe, why?

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Im trying to figure that out myself.

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I get more than necessary taken off my pay, so I’ll get a return this year

I generally get a return but I miscalculated some withholding on an investment so I’ll owe this year.

Owe but usually only a few hundred. We do a pretty good job with withholding.

We really try to break even every year. We don't want to owe a ton of money. And a refund means we paid too much - that's money we could have put to use throughout year.

I always owe taxes because I have a side business that gets taxed horrendously. Sometimes I wonder even why I do the extra work 😆 but I try and budget a certain amount of my income to go straight towards taxes so it doesn't take a huge hit my savings.

Smart! Definitely good to budget for it

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