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Deductions & credits
@LindaS5247 , @DaveF1006, @JohnB5677
Hi,
So, does it make sense that this year I earned 11k less than last year, but I owe about $100 more?
There are some credits that seem to not apply because my taxable income is zero (including that QBI)..
so - does this make sense? Last year my taxable income wasn't zero. This year, after the deduction, it is.
Also - why would I owe a penalty for not withholding during the year...I didn't do so last year and I don't believe I had to pay a penalty.
Thanks so much for your continued support. I am hoping to just wrap this up now - I thought about adding the live help - but if I could save that additional expense, that would certainly help.
Kind regards..
‎April 12, 2023
10:25 AM