My total income this year compared to the previous year is %50 less, yet Turbotax is telling me I owe about %23 more than last year. This doesn't make sense.
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Your deductions and credits, such as EIC, may be different. And your withholding may be different. Did you receive unemployment comp, but not have taxes withheld from it? And U/E Comp doesn't qualify for the EIC.
Look at your 2019 and 2020 returns side by side. Something may stand out.
unfortunately, total income is $90k lower, fed deductions we found for you is $6k higher, taxable income is $100k lower, fed taxes you owe is $6k higher..
I think turbo tax has an error in their program.
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