My tax withholdings on my full time job (W2 only) were about $3k less than what the TurboTax is telling me is correct. If I filled out 0 deductions on my W4, shouldn’t I be getting a refund since they are taking the most tax out of each paycheck?

I’m confused as to how/why company withheld less than they should have.

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I didn’t realize Turbo Tax tells you what your withholdings should be 😂

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There is no such thing as deductions on your W-4 anymore. Have you filed an updated one recently? It changed a few years ago.

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Gotta love the people who do their taxes at the last minute and have issues. But to answer your question, I don’t really know what you mean by “3k less than what the Turbo Tax is telling me is correct”…I assume you used the import feature. Just compare that and the W2 you received…should be the same. If you owe, you need to adjust your withholding going forward since Turbo Tax is probably calculating things right. You may have had a bonus that was underwithheld or something. Just fix it going forward. You can always over withhold.

Problem is you don’t have enough time to inquire with your payroll team.

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Stop the shaming, if your comment isn’t productive, why leave a comment?

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Wasn’t there something under some of the pandemic relief acts that reduced withholdings? Maybe that was it.

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Verify all your inputs one more time and if it still looks wrong pay the balance as an extension to have additional time to confirm. Worst case scenario you file the return later this summer as-is, best case you find an error and get a partial refund of what you paid.

Withholding is an estimate based on known inputs (likely just your wages) so if you have other income like interest, dividends, or capital gains then they withheld properly but you could still owe an additional amount. This could also happen if you had two jobs or accidentally marked MFJ.

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Do you have any income other than from your paycheck?

There are so many reasons why you might not get a refund despite your company doing correct withholding...
Just double check that your inputs are right. If you need more time to figure something out or correct it, just pay the higher amount between the scenarios, and file later in the year with an extension.

Did you sell equities? If you live in CA, capital gains are included as simple income

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