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Get your taxes done using TurboTax
Yes, your income is very similar, but there must be a reason why the result is so different. Tax rates were not increased for 2021.
The first thing I noticed is that you have $0 paid in for this year, so no withholding at all and no tax credits. Last year you had close to $2000 in withholding and/ or credits.
The best way to find out why your tax is so much higher is to ask TurboTax to explain why:
- Open your return and select Federal on the left.
- Click on Federal Review toward the upper right corner.
- Continue through the screens until you get to, You have a $___ tax due so far.
- Click on Explain why below that.
- TurboTax will show you what went into the tax calculation.
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March 9, 2022
11:53 AM