Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
tmj125
New Member

I have a balance due on my taxes after an ammended return and I don't know why.

I changed it to where my father can have me as a dependent and now I have a balance due.
1 Best answer

Accepted Solutions
jerry2000
Alumni

I have a balance due on my taxes after an ammended return and I don't know why.

When you are claimed as a dependent, you pay taxes on $4,050 more income than you do if you are not claimed. When you removed your personal exemption on your return that made your taxable income more and made your tax more than on your original return.

View solution in original post

1 Reply
jerry2000
Alumni

I have a balance due on my taxes after an ammended return and I don't know why.

When you are claimed as a dependent, you pay taxes on $4,050 more income than you do if you are not claimed. When you removed your personal exemption on your return that made your taxable income more and made your tax more than on your original return.
Dynamic AdsDynamic Ads
Privacy Settings
v