2927983
My 2021 Federal tax payment was $50.00, 2022 Federal tax payment is $500.00 with no increase in income, why the increase?
You'll need to sign in or create an account to connect with an expert.
WCP1,
Not seeing your specific situation (no one in this forum has access to your tax returns, a very good thing), I do note that the IRS did warn that many people would see smaller refunds or bigger amounts owed because COVID relief provisions expired for the 2022 tax year.
The best way to see what happened is to put the 21 and 22 tax return side by side and review them line by line. Did your withholding change? Did you fill in a new W-4 form last year? If you did that could be your issue since the new withholding tables on the new W-4 forms I meant to keep you as close to zero as possible on your return.
If you have a specific line question that you don't understand then you can post that in this forum and we'll try to explain it to you.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lisaden04
New Member
lisaden04
New Member
TomG1
Returning Member
SCswede
Level 3
Iris99
Returning Member