Large tax increase

lunaplata · ‎February 28, 2023

st year my federal tax due was about 600 dollars this year it is almost $2000 even though my income has not increased. Why is that?

bluedeb · ‎February 28, 2023

It could be because the IRS ended Covid 19 tax credits. The only way to know is put last years and this years return side by side for a comparison.

IRS ends COVID-19 tax credits

https://www.foxbusiness.com/personal-finance/irs-filing-taxes-key-changes-2023

View solution in original post

bluedeb · ‎February 28, 2023

It could be because the IRS ended Covid 19 tax credits. The only way to know is put last years and this years return side by side for a comparison.

IRS ends COVID-19 tax credits

https://www.foxbusiness.com/personal-finance/irs-filing-taxes-key-changes-2023

CarissaM · ‎March 2, 2023

We would not have access to your return here If you would like a specialist to take a look at your return, please click here to give us a call. @lunaplata

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Large tax increase