rtz_mail
New Member

As a joint filing couple we made less money this year than last year, have a larger standard deduction than last year but owe $300 more in taxes? How could this be?

Lower income, higher standard deduction but higher tax rate aka blended rate of 11% this year vs 10% last. Did tax rates go up in 2024? No major changes to my 2023 vs 2024 tax filings.