I work (W2 with taxes withheld) and own a new business. Last year I made $53,000 on my W2 and would have gotten $4k back but then entered my business info which brought my income to $67,000 so it took my $4k refund that I would have got back and I ended up owing $181 in federal. This year my W2 is the same. $53k and with my business I made $84,000. But now I owe $5,000. This doesn't make sense that I only made $17k more but owe $5k? Same thing with the refund. I would have got $4k back but then added in my income from my business and now it shows that I owe federal $5k and state $800. How can this be?
