This is a 2021 tax return isn't it? With 1400 on line 30 of the 1040?

You claimed the recovery rebate credit, but the IRS says they already had paid you the third stimulus during 2021.

Can you access your account transcript?

That is not the case, no.

My opinion, don't start deducting expenses until you have moved from hobby to business.

If you are running this as a profit motive endeavor without significant personal enrichment, then you are self employed. Small business. That's the section you use on TT.

No. Move the child tax credit to the end. After finding your tax, then deduct 2000 from the final tax calculation.

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

No, where did you get that impression from? Are you looking at publication 15t?

Then your employer is doing what you asked. You have a very minimal federal tax liability, so you don't need significant withholding.

The only thing withholding would do is pad your federal refund. Instead, just set up an auto deposit into a savings account.

The setting you put on your w4 was saying "hey there, my spouse doesn't work, I'm filing married and claiming 2 kid, so don't deduct any federal income tax unless I make over 884.00 a week in taxable income".

Do you have any pre tax deductions that are bringing your taxable income around 884 a week?

On your w4 form you use the single setting for withholding. This is just for a math equation to make sure enough is withheld. It is not selecting a filing status.

When you file your tax return, the 1040, you file as joint.

You both select single, Both of you. You need to update your w4 too. Don't use married/spouse also works as way too many employers are messing that setting up.

Then switch both of you to the single setting. This accurately allocates half the married standard deduction and tax brackets to each job and withholds enough to cover your taxes. Leaving the child tax credits to be refunded to you when you file.

There is no way to know the amount of refund without knowing what setting you have on your w4. We don't know if you new w4 form married 0, single 0, old form married 0, new form single 0. Those are all different.

If you and her are both at single, 0 adjustments on the new w4 you should get a refund of about 6000. If you are at married 0 though, then the refund will be less, how much less depends on your total income.

Just single, 0 everywhere else on her.

How many children under 17 do you have? If you both fill out your w4 as Single, no adjustments your refund will be about 2k per child over 17. Is that a big enough refund for you, or do you want to add more?

You should both withhold at the single rate (yes both of you). Then, take the amount of refund you would like, divide it by the number of times one of you is paid, and put that amount of extra withholding on 4c for that one w4.

You have to accurately report the cost of your paint. You can't leave that off.

You have to accurately file your taxes. You should not inflate profits or expenses.

You can choose the less beneficial method of a deduction though.

What are your main categories of expenses?

Your w4 was switched to the married withholding rate.

The IRS audit isn't the highest risk actually. Unemployment claims in the biggest one, followed by workers comp, and then wage board claims. Then after that it's when the employee realizes they can get more tax credits, disability, social security by properly reporting the income. They file and report the income, which involves a form turning in the employer. There is no statute of limitations on this.

Yes, off payroll pay can't use the algorithm, so they withhold the most common tax bracket, 22%. That's not enough for you, since you are high income. So the dollars over 100k total were seeing under withholding from 2% to 10%

At your income, running the withholding calculator at least twice a year is needed to keep on top of withholding.

Yes, your w4 is not set up correctly for your situation. You need to fix it. How much of your pay is supplemental, bonus, rsu pay?

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.

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

There is no Washington state tax. I believe you have to apply directly. https://survey.alchemer.com/s3/7027130/WFTC-Eligibility-Assistant

Then you shouldn't need to make an estimated payment. I was just checking to make sure your losses can offset all your income.

Is all your income from crypto trading?