Re: I owe $631 for Federal Tax. I don't feel like I'm very well off. I'm a 78 year old widowed lady. Why do I owe so much?

I owe $631 for Federal Tax. I don't feel like I'm very well off. I'm a 78 year old widowed lady. Why do I owe so much?

This year - Your filing status is still Single. - Your total income is $23,934. - You are taking the Standard Deduction of $16,550. - Your taxable income is $7,384. - Your total tax before credits is $738. - You did not claim any credits. - Your total payments are $107 from 1099 withholdings. - You have a balance due of $631.

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You didn’t have enough tax withholding from 1099 forms like for a pension or IRA withdrawals and maybe from Social Security. You should increase the withholding.