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Get your taxes done using TurboTax
I did not make any income on stocks, bonds, interest, dividends, capital gains or self employment. We earned our income like we did every year- through our employers and I had a small amount (around $5k) of income that our vendors give me when I sell their product that comes in the form of a spiff. This was also the case last year. Our income went up from last year by maybe under $2,000 and we only owed federal $24. Now it is saying we owe nearly half our combined income! How is that even possible? You don't make jointly $140,000 and have to owe $65,000 of it to federal taxes. Esp when you have 3 kids. Something is off and I can't figure out what it is. Not sure if starting over will fix it, but I may do that using a different email address.