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Why do we owe ~$2000 to the federal government this year?
Married Filing Jointly - Last year we got back $115 federal, but this year it's saying we owe $2000 federal. We did make $20k more this year (because one of us only worked half of last year), but didn't enter a new tax bracket. It says we have $48k of taxable income and have a tax rate of 9.2%, but saying we owed $6400 this year and only paid ~$4600. Something just isn't adding up.
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‎June 6, 2019
2:38 AM