Something similar happened to me and it turned out I had checked the wrong box on step 2 of the W4. I had checked 2(b) which is the "use the multiple jobs worksheet" option instead of 2(c) "if there is only one job total". This made the system think I needed to withhold at a higher rate to cover multiple jobs. Rookie mistake but easy to fix!

The W4 form definitely takes some getting used to after the old allowances system! Based on your situation, I'd suggest double-checking a few key areas: 1. **Step 1**: Make sure you selected "Married filing jointly" not "Single or Married filing separately" 2. **Step 2(c)**: Since your spouse doesn't work, you should check the box that says "If there is only one job total" 3. **Step 3**: Enter $2,000 for your child (qualifying children under 17 get the full Child Tax Credit) Missing any of these could easily cause the overwithholding you're experiencing. The good news is you can submit a corrected W4 to your payroll department anytime - it usually takes effect within 1-2 pay periods. For future reference, the IRS Tax Withholding Estimator tool on their website is really helpful for getting your withholding dialed in perfectly. It walks you through your exact situation and tells you exactly what to put on each line of the W4. Don't worry about the money already over-withheld - you'll get it back as a refund when you file your taxes!

I've heard that the EITC is different for each tax year because of inflation adjustments. Does anyone know what the threshold was for 2021? I'm trying to figure out if I should amend my return.

Just wanted to add some context about why you might be behind on your taxes - the IRS has been dealing with massive processing delays, especially for amended returns. Your February 2022 amended return not getting processed until December 2022 is unfortunately pretty typical of what many people experienced during that period. For your current situation, as others have mentioned, you're just over the 2022 EITC threshold. But definitely keep those expanded 2021 rules in mind that @Freya Pedersen mentioned - if you were between 19-24 in 2021, you might have qualified under the special COVID provisions even if you didn't think you were eligible at the time. The income limits were much higher that year, so it's worth double-checking your 2021 situation. Also, make sure you're calculating your AGI correctly. Your AGI should generally be close to your earned income if you're just filing a basic return with W-2 income. If there's a big difference between your W-2 wages ($13,100) and your calculated AGI ($16,800), you might want to double-check that calculation or see if there are other income sources you forgot about.

Just to add some practical advice - whether or not you form an LLC, definitely keep track of ALL your business expenses for your photography work. Gear, software, travel to shoots, portion of home used exclusively for business, etc. These are deductible regardless of how you're classified. If you are properly an independent contractor (which doesn't sound like the case here), you'd report these on Schedule C. If you're an employee, some expenses might be eligible as unreimbursed employee business expenses, though the tax benefits are more limited since the 2017 tax law changes. But the classification issue is the bigger concern. If you're being treated like an employee, you should be classified as one, LLC or not.

One thing nobody's mentioned yet - if you do decide to form an LLC (for your legitimate freelance photography, separate from your employment situation), consider talking to an insurance agent about professional liability insurance. An LLC provides some protection, but having insurance is even better protection against potential lawsuits from unsatisfied clients. I learned this the hard way when a wedding client sued me after claiming I missed important moments. My LLC helped, but having insurance would have saved me thousands in legal fees even though I eventually won the case.

One thing to watch out for - make sure you're using the correct tax forms for each year! The 2020 forms are different from current ones because of the special Covid provisions. I made this mistake and had to refile because I downloaded the wrong year's forms.

Hey there! I totally understand that anxiety about getting behind on taxes - life happens and sometimes important stuff falls through the cracks, especially after major life changes like divorce. The good news is you're not in as bad a spot as you might think! Since you're making around $38k annually, you're likely eligible for several credits that could actually result in refunds rather than owing money. The Earned Income Credit alone could be worth $1,500+ depending on your filing status and any dependents. A few quick points to ease your mind: - You have until May 2024 to file 2020 and still claim any refund (including those Covid credits) - If you're due refunds, there are no late filing penalties - you just don't get your money until you file - The IRS has been pretty understanding about Covid-related delays Don't let the fear keep you from filing - in many cases, people in your income range end up getting money back even when filing late. The sooner you start, the sooner you'll know exactly where you stand and can move forward with peace of mind.

Anyone know if there's a difference in refund amounts typically between filing 1040 vs 1040NR for students? I filed 1040 last year cuz that's what turbotax recommended but now wondering if I should have done 1040NR instead. My country (india) has a tax treaty with US so maybe i missed out on some benefits?

As someone who went through this exact same confusion with my F-1 status, I can confirm what others have said - the 5-year exempt individual rule is key here! Your roommate should definitely file 1040NR for his first 5 calendar years in the US, regardless of being here over 183 days. The W-2 from his on-campus job doesn't change which form to use - nonresidents can still receive W-2s and file 1040NR. For the South Korea tax treaty, there are specific benefits for students that he can only claim on the 1040NR form. Article 20 of the US-Korea treaty typically covers student income exemptions. One thing I learned the hard way - make sure he checks if his university incorrectly withheld FICA taxes (Social Security/Medicare) from his paychecks. F-1 students are generally exempt from FICA for their first 5 years, so if they withheld these taxes, he can get a refund by filing Form 843 with his university payroll office. The tax software like TurboTax often gets this wrong for international students, so definitely stick with 1040NR for now. Good luck!