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The standard deduction wiped out a lot of the 18k of income last year. (single: roughly 13k deducted so tax was ~ 10% of 5000, or ~$500 assessed) so a fair refund
The extra $$, from 18k-33k this year was all taxed, and new 2023 Std Ded is roughly 14k. so 33k-14k = 19k taxable income . The first 11k is taxed at 10%, next 8k is taxed at 12%.....so you pay more. i.e.1,100 + 960 = $2,060 assessed.
But that's VERY Rough since your numbers are not exact.
More income = more paid in taxes.
The standard deduction wiped out a lot of the 18k of income last year. (single: roughly 13k deducted so tax was ~ 10% of 5000, or ~$500 assessed) so a fair refund
The extra $$, from 18k-33k this year was all taxed, and new 2023 Std Ded is roughly 14k. so 33k-14k = 19k taxable income . The first 11k is taxed at 10%, next 8k is taxed at 12%.....so you pay more. i.e.1,100 + 960 = $2,060 assessed.
But that's VERY Rough since your numbers are not exact.
More income = more paid in taxes.
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