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How is my federal income tax so high?
For 2023 taxes, I had taxable income of $37,550 and my "Federal Taxes You Owe" was $5,591. For 2024, my taxable income was $6,382 and my "Federal Taxes You Owe" is $4,254 - that's 70%! Is this a bug, or did I enter something incorrectly?
‎February 11, 2025
9:54 AM