Hi, I am starting my third year in Ch13. I am in a 100% payment plan. While doing my taxes, I found out that I have to pay a big amount $18K. Previously I always got a refund, first time every happen to me. Looks like my new employer (just started in 2021) didn't took enough taxes from my paycheck.
I was wondering what are my options. This is so far what I look at :
1. I look at the IRS webpage and the offer a payment plan. I don't know if I qualify as being in an active CH13.
2. Take a loan from my 401k To pay the taxes
3. I read that it may be added to the CH13 payment plan. As I am in a 100% plan, I hope it can be added just to my monthly payment for the next 2 and a half years.
Does anyone know if this options are really feasible?
I just went to my employer and changed my W4 Form, so they can hold more taxes for next year.
Thank you
I was wondering what are my options. This is so far what I look at :
1. I look at the IRS webpage and the offer a payment plan. I don't know if I qualify as being in an active CH13.
2. Take a loan from my 401k To pay the taxes
3. I read that it may be added to the CH13 payment plan. As I am in a 100% plan, I hope it can be added just to my monthly payment for the next 2 and a half years.
Does anyone know if this options are really feasible?
I just went to my employer and changed my W4 Form, so they can hold more taxes for next year.
Thank you
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