Submitted by [deleted] t3_yidanw in personalfinance
[deleted]
Submitted by [deleted] t3_yidanw in personalfinance
[deleted]
Doesn’t really matter since you’ll owe them regardless
It kind of does matter when it’s at least $800 worth of taxes being taken out of one check and then you can’t pay your bills. This wasn’t helpful
Ostensibly you should have been reserving money for taxes anyway
If you knew your employer wasn't deducting taxes from your previous checks, you had to know that at some point, those taxes would have to come out of your paycheck. Instead of spending all your paycheck, you needed to save some of that income to cover your expenses when the tax man came calling.
Ideally you should have been setting aside money from your previous paychecks in anticipation of the day that the employer would finally do the proper withholding because you always owed that money and that should have been built into your planning. One can only assume that if he wasn't taking withholding out of your checks properly, he also wasn't doing the employer share properly as well so it is in the best interest of the business to correct all the errors ASAP. If it isn't taken out in a timely manner, you could face issues of underwithholding when you file your 2022 taxes and that could result in a penalty (a small one, certainly, but a penalty nonetheless).
Regardless, here we are today and you're faced with potentially being short. There isn't much you can do as your employer is likely within legal limits to take it all at once as a correction. You can always ask that it be spread out, but that is risky for the company as these errors need to be corrected as soon as possible so he can always say no.
>I’m in Florida
Floridia employers can practically do whatever they want. Florida doesn't even have their own Department of Labor. Whether or not it's illegal is a question for a lawyer, but don't get your hopes up.
I didn’t know he wasn’t taking taxes out until now. My checks were never the correct exact amount I should have been paid anyways. He just rounded up or down I’m figuring out, and never factored in overtime or anything.
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