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It depends, however, you are likely seeing a decrease in the Family Size Tax Credit. This is a credit that is especially helpful for KY families with lower income, particularly when there are several children in the family. If your income in the past was lower, (and you have dependents), you may have qualified for an amount of Tax Credit (which can range from a 10% tax discount on your KY liability to a full 100% deduction). Chances are that this year, your extra income disqualified you for any credit, and typically, KY withholdings are usually very close to what your KY tax liability will be.
If you wish to comment your family size (you, spouse, and children living at home), I can give you an idea of how the Family Size Tax Credit may have specifically affected you personally. (A general idea of income is also helpful)
It depends, however, you are likely seeing a decrease in the Family Size Tax Credit. This is a credit that is especially helpful for KY families with lower income, particularly when there are several children in the family. If your income in the past was lower, (and you have dependents), you may have qualified for an amount of Tax Credit (which can range from a 10% tax discount on your KY liability to a full 100% deduction). Chances are that this year, your extra income disqualified you for any credit, and typically, KY withholdings are usually very close to what your KY tax liability will be.
If you wish to comment your family size (you, spouse, and children living at home), I can give you an idea of how the Family Size Tax Credit may have specifically affected you personally. (A general idea of income is also helpful)
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