3503496
Hi
I am a retired North Carolina State Employee. I and wondering why I always have to pay state tax after filing but get refund from Federal
I have 1 for withholding for State
and 2 for withholding for Fed
But every year i owe for state? This year I even owed more for state than last year!!!
I did make more interest on banking money markets CD this year.
Am I doing something wrong????
I hate to give up on using Turbo Tax ut if I'm not filling out correct?
I also collect SSA
Susan
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WHY DO I OWE STATE TAX?
We cannot see your tax return. The most common reason for owing state tax is that you did not have enough state tax withheld from your paychecks during the year. Double check all of the amounts you entered from tax documents such as your W-2's---look carefully at boxes 16 and 17. Look at all amounts entered from any sort of 1099's you entered. Look for misplaced decimals and extra zeros. Print a copy of 2023 and 2024 state returns and compare them side by side, line by line to spot the difference(s).
My 1099-R says 38.52 state tax withheld for year
313.08 for fed
NC does not tax Social Security. It seems that you are not having enough tax withheld from your other retirement income to meet your state tax liability if you end up owing the state each year.
Thanks
The only income is get is from the state retire job and SSA.
Maybe I need to have an additional amount taken out?
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