Why do I owe this year?

trdavis123 — Sat, 01 Jun 2019 06:32:50 GMT

I owe $1500 federal this year when last year I got a refund. I didn't change my exemption status. I actually ended up making a little less this year. Why do I owe this year?

No one on Answer Xchange can see your return. There are...

xmasbaby0 — Sat, 01 Jun 2019 06:32:52 GMT

No one on Answer Xchange can see your return. There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc. You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty? The best way to find the difference is to print and compare 2015 and 2016 side by side

And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.

topic Why do I owe this year? in Get your taxes done using TurboTax

Why do I owe this year?

No one on Answer Xchange can see your return. There are...