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CountessAlmaviva OP t1_j6p4zwv wrote

Reply to comment by Werewolfdad in Why do I owe so much in taxes? by CountessAlmaviva

Are you able to explain to me what a 1040 is? I typically have one income and file on H&R Block, so I’m pretty new to taxes.

Edit: I do have another income of $14,053 for the year but I owe because it’s a serving job. I also used to get some money from being a student but not a ton.

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Werewolfdad t1_j6p555z wrote

1040 is your tax return. Just means tax return. Sorry for the shorthand

(Well it’s the primary document in your tax return anyway)

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CountessAlmaviva OP t1_j6p69ml wrote

I used H&R block online to estimate my taxes. Any suggestions on a potentially more reliable service to use? Or do I just owe this money now lol

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MarcableFluke t1_j6p5cav wrote

> Are you able to explain to me what a 1040 is?

The main form you use to file your taxes. H&R block takes the information you put into their software, and fills out a 1040 (among other forms) in order to file your return.

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rcc1201 t1_j6paduj wrote

Is your total income $33901 or $47954 ($33901 from spa and $14053 from serving job)?

Your issue probably stems from not filling out the multiple jobs worksheet on your W4s for both jobs. They both think they're your only job so don't start withholding taxes until $12950 (standard deduction) resulting in double counting of the standard deduction.

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CountessAlmaviva OP t1_j6pb0d5 wrote

so my total income would be the 47k from both jobs

anything I can do?

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cballowe t1_j6pbd03 wrote

Update your w4 for next year if you still have two jobs.

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