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Why do we owe more taxes in 2021 vs 2020?
How did the Federal taxes we owe go from $6231 to $9222? As you can see, not much changed from 2020 to 2021. Married filing jointly. Total and Taxable incomes are a little less because of working less overtime. Took standard Deduction and we didn't change our W-4s. Can someone explain the huge difference? We did sell a house and then buy a house in September 2020. Is that the reason?
‎June 9, 2022
8:50 AM