Why would someone choose to have extra money withheld from his paycheck for federal taxes?(1 point)

Responses

A person lives in a state with high income taxes and wants to make sure enough taxes are withheld.
A person lives in a state with high income taxes and wants to make sure enough taxes are withheld.

This person considers himself a patriot and wants to pay more taxes.
This person considers himself a patriot and wants to pay more taxes.

This person chose an insurance plan with a high deductible.
This person chose an insurance plan with a high deductible.

This person did not want to risk having too little money withheld and facing a penalty when filing their tax return.

1 answer

The most appropriate response is:

This person did not want to risk having too little money withheld and facing a penalty when filing their tax return.

Choosing to have extra money withheld can help ensure that the individual does not owe a large sum when filing taxes and avoids potential penalties for under-withholding.