Dawn in OH Posted January 7, 2011 Share Posted January 7, 2011 I can't seem to understand how this works right. The tax collection agency responsible for our city taxes has changed. The new agency says, "If you anticipate owing $10.00 or more in income tax in 2011, you must estimate your taxes and make quarterly payments as your income is earned." The first problem I have is making payments on money we haven't earned yet. What if my husband loses his job or his hours are cut? Secondly, I don't have the extra money laying around. We couldn't plan for this because the old tax collection agency didn't work this way. Third, the tax is being taken out of his check by his employer. Wouldn't that mean we are paying the tax twice? That means they are getting a double payment from us! And how would we prove that we paid it twice and get half the money back? Maybe I'm missing something. Maybe I'm not awake enough. I do the taxes in our family. I always have. I've never had a problem before. I've never lived in a city that requested this nonsense. Can anyone explain this to me? Am I wrong for being annoyed at being expected to pay tax on money that hasn't been earned yet? Isn't this like me giving the city a loan at my expense? I hate to sound ignorant, but I'm really not understanding how this works. Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.