3205998
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I was on unemployment back in 2021... but other than that I have no extraordinary circumstances. So why do I owe $81 federally?

I've never owed money before. I was on unemployment for 2021, but isn't that so long ago that I wouldn't be paying for it now?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DaveF1006
Expert Alumni

I was on unemployment back in 2021... but other than that I have no extraordinary circumstances. So why do I owe $81 federally?

No. You are not be paying taxes on your 2021 unemployment income on this year's return.

 

If you have W2 income, you may not have enough taxes withheld. Also, the tax brackets were increased by 7% from the 2022 tax year because of inflation thus the IRS made inflation adjustments to the 2023 tax rate schedules.

 

You may wish to increase your withholding amount from your pay so you won't owe taxes next year. You can do this by completing  a new W4 and submit to your employer.  Here is a form you may download and complete. In this form, there is a worksheet in the form you can use to determine the correct amount of tax withholding that needs to be made.

 

 

 

Inflation Adjustments

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question