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Contents

  • Common Reasons for a Large Tax Bill
    • Insufficient Tax Withholding
      • Self-Employment Income
        • Investment-Related Issues
          • Unreported Income
          • How to Handle a Large Tax Bill
            • Review and Verify
              • Payment Options
              • Prevention Strategies for Future Tax Years
                • Adjust Your Withholding
                  • Consider Tax-Advantaged Investments
                    • Track Deductions and Seek Professional Help

                    Understanding Why You Owe a Large Tax Bill

                    contributorcontributorcontributor
                    2.5 minute read
                    FinanceBusinessAccountingLaw and Legal IssuesEconomy
                    A stressed individual surrounded by tax documents and a calculator, symbolizing the burden of a large tax bill.
                    Published January 20, 2025
                    Last Updated May 29, 2025
                    contributorcontributorcontributor
                    2.5 minute read

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