Your tax federal liability should only be about 2309. Seems you may have entered something incorrectly in your 1040 unless you have other income or a premium tax credit you don’t now qualify for or something.

I suspect the chart you're looking at is based on taxable income, so you'd need to deduct off your standard deduction before using the table. Also, it's not taking into account the child, which wipes away your tax liability.

That’s the problem I’m facing. It’s been ten years since I’ve driven (I waited until I got sober didn’t want to get locked down or jail time) and the only way I can get a better job is to get a car and get the interlock Otherwise I’m stuck picking a job that’s within walking distance. Yes I can afford the installation and the monthly as I have a job I just need to get the car under my belt. Figured if I had a zero percent interest I could use my card and pay it off monthly. Because the dealership I went to has a minimum of 48 month loan at 6.9%. So I didn’t know if a 401k loan would work or a personal loan I could use? I tried going to my bank and credit union but the car couldn’t be older than five years. So what would you recommend to get a car loan for an older car? I can’t make more money without going to college or taking a different job and I can’t do any of that without a car as furthering my education the college is 45 min away

I’m not getting the feeling OP wasn’t prepared for an emergency…

Tell your dad this is NOTHING like that. Talk to the IRS directly. If you owed them $40K for real, they'da been trying to take away your blood type already.

After buying this truck, you will still have $345k in cash. You are wasting your time asking the question or analyzing the situation.

This. Never go to the dealer for anything other than warranty work.

That is a great option. But that also depends on what has to be repaired. The parts can be hard to get right now.

I had $2518 withheld

Also, my job I’m at is going to be closing for reconstruction around April, should I just fill out a distribution form then?

Evict him or ask the landlord to evict him and hopefully have a replacement roommate for both you and the LLs sake. Don't cover for a deadbeat.

No problem.

One more bit of advice: Don’t even go out and look at new cars. They are not an investment, they’re a major money suck. Plus those salespeople. They’ll tell you one thing and you leave the finance office with a payment $200/mo higher than you were aiming for.

You can report tips on Line 1 of the 1040

How much was withheld for federal income tax? Box 2 on the w2

Jointly liable means jointly liable.

Landlord is not legally obligated to care where the money comes from.

Either (A) You pay the whole amount of rent, (B) Your roomie doesn't kick in his share, or (C) You get a notice to pay-or-quit followed by your state's evictions process in the absence of a sublet/relet.

World Financial Group really loves to target people down on there luck

World financial group loves using platforms like instagram and facebook and linkedin to recruit

other names World Financial Group runs under is The Miliare Group which is a branch of WFG run by Ed Mylett and Pinnacle group which is another branch of WFG run by Eric Olson

I did not and I make so little in cash my company does not give me the opportunity to claim before my w2 is put out.

That would be incorrect then. What they are withholding is correct.

Did you choose married for your w4?

You are required to declare all of your tips

You may find our Taxes wiki helpful.

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For the reasons you outlined: A traditional contribution is better than a Roth contribution for people with relatively high incomes.

No I was going off the marginal tax rate.

Max the 401(k) and an IRA first.

The trick to saving and not succumbing to lifestyle creep is to automate saving. Open a taxable brokerage account and put part of your pay in it. My employer uses ADP and I have a Schwab brokerage account. Schwab gives your account a standard ABA routing number and account number, and I have it set up in my ADP portal to direct deposit a fixed amount into the brokerage account every payday, and the "remainder" deposited to my everyday bank account. It's amazing how quickly it adds up.

If you don't have a good emergency fund, use the brokerage to start building one. Invest in T-Bill ladders and a money market fund like SWVXX until you have six month's living expenses. After you have that much in your e-fund, start investing in a total market ETF like SCHB.

With the marginal tax rate chart.

All Toyota leases I have seen have excluded sales tax on the payoff. Maybe you’re think of dealer inventory tax?

Also, keep in mind that your vehicle will have to be reappraised once you actually receive the title. Turn around time is closer to a month +.

How do you pay rent or mortgages with credit cards?

Most places don’t accept rent through credit cards, and banks definitely don’t accept mortgage payments via credit cards.