Did you change jobs mid year?

what does doing it "incorrectly" mean? Not requesting additional withholding?

Take a deep breath.

Check that you transferred all the numbers from W-2 to Turbo Tax correctly. Pay special attention to which box you were copying numbers from. For example, my wages are much lower in box 1 than in box 2, because of my pre-tax deductions, so mixing them up makes my taxes skyrocket. Make sure you transferred over every number. Look for places where you reversed digits when copying or entered the same digit twice.

Check the questions about filing status, being claimed as a dependent, and whether you want to take standard deduction. Inadvertently checking the wrong box is easy, especially when cat walks across keyboard.

Do you get a W2 at the end of the year or a 1099?

There's your problem. TurboTax is showing what you'd owe with no deductions, no exemptions, nothing but income. TurboTax will always say you owe a ton if you've done income but not deductions.

It’s highly unlikely you “never filled it out before.” You probably did it at onboarding, incorrectly, and haven’t updated it since.

What you are seeing is not normal. With 1 job, the default withholding you should not owe 10k. As to why this did happen, no progress can be made on figuring that out with the info from box 1 and 2 of your w2 form.

Well, going through all the steps is very important and changes how much tax you owe. Whats in boxes 1 and 2

I meant when I entered it in turbo tax it showed 10k owed. I did not go through the other steps

I don't think so. Do you put in an additional withholding amount? and how are you supposed to know what that should be until you get your first paycheck and assume something is wrong? single, no dependents. a very vanilla case

You don't enter your W2, your employer mails you your W2 for the prior year in late January or early February.

Every single job I've ever had i had to fill out a WR on my first day. Did you not do that?

>What details would be helpful?

What are Box 1 and Box 2 on your W2? What's your tax filing status and do you have any dependents

This was just based on entering my w-2 and I kind of panicked

This was in ADP. I've never filled it out before

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What is in box 1 and 2 of the w2? Is there just 1 job? Are you single with no kid?

You would have decided how much gets withheld (to an extent) using withholding allowances when you got hired and filled out your W4.

They would be (should be) withholding as you had last filled it out. Maybe ask how the had it keyed in last year. Did you have any gains from investments? We're you on unemployment and didn't withhold? Obviously you double triple checked for keying errors when you did your turbo tax?

> I went to update my W4

> "If you don't complete this form, your employer is required to withhold income tax at the highest default status".

You can't "update" a form that you've never filled in before, so which is it?

It would also depend on what kind of income you receive, what your deductions and adjustments are, and what kind of employee you are.

>there is a disclaimer that "If you don't complete this form, your employer is required to withhold income tax at the highest default status".

That just means "withhold as single", it doesn't take into account anything else in your financial situation and there's no guarantee it will be correct for your situation.

What are box 1 and 2 on your W2?

What details would be helpful? I'm just wondering if this is normal for a company to not set a withholding in some normal vicinity by default (to owe 10k seems extreme)

You provide no detail so we can only assume you owe that or you used the estimator wrong or the withholding is low, despite what that note said.

You may find our Taxes wiki helpful.

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Yeah, can you borrow money?