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Why do I owe money in taxes this year versus last year when little has changed?
Posted on 1/22/18 at 8:23 pm
Posted on 1/22/18 at 8:23 pm
Did I miss something?
I'm in the same bracket, with more income, but also with a second child AND the child care deduction - yet I am getting thousands less back this year.
I'm using turbotax - which I've used for years. So, what am I missing? Are we all getting screwed here?
I'm in the same bracket, with more income, but also with a second child AND the child care deduction - yet I am getting thousands less back this year.
I'm using turbotax - which I've used for years. So, what am I missing? Are we all getting screwed here?
6
Posted on 1/22/18 at 8:25 pm to theunknownknight
Obama getting one last jab in before new tax laws
Posted on 1/22/18 at 8:29 pm to theunknownknight
Instead of looking at the end number (tax refund vs payment), look to see if you're actual tax liability changed or if you withheld more last year vs this year.
Posted on 1/22/18 at 8:32 pm to theunknownknight
Do you still have last years return? Compare. What went up?
Posted on 1/23/18 at 6:34 am to theunknownknight
quote:
Why do I owe money in taxes this year versus last year when little has changed?
Could have to do with the tax law that republicans passed without reading
Posted on 1/23/18 at 6:39 am to theunknownknight
quote:
Did I miss something?
Compare every line on last year's 1040 with this year's. More than likely you just didn't have as much withheld this year as last, not as many deductions, that sort of thing.
Posted on 1/23/18 at 7:17 am to theunknownknight
quote:
more income
Did you increase your deductions to account for this income increase?
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