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janthony1911
New Member

How do I still owe and my deductions are much higher than the amount I owe

 
2 Replies
Anonymous
Not applicable

How do I still owe and my deductions are much higher than the amount I owe

deductions don't reduce your taxes $ for $ at the highest tax brackets at the highest tax bracket about 40% at the lowest only 10% 

 

 

we can't see your returns so you may want to download  1040 instructions to see if your taxes appear correct. 

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

look for your taxable income  starting on page 63

there could be many resons why the amount you find differs from your return. 

Anonymous
Not applicable

How do I still owe and my deductions are much higher than the amount I owe

 
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