Without being able to see your return I can't tell why you owe this year. Double check that amount of taxes withheld on your W-2 was entered correctly.
Common reason for owing this year:
- Your income increased.
- You didn't have enough tax withheld from your paychecks.
- You lost a dependent.
- You changed your filing status.
Also, there have been a number of tax law changes that might have affected your return.
Here are some of the changes:
- Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year.
- For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $500 in 2022.
- The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021.
- No above-the-line charitable deductions. During COVID, taxpayers could take up to a $600 charitable donation tax deduction on their tax returns. However, in 2022, those who take a standard deduction may not take an above-the-line deduction for charitable donations.
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