If it says I owe money on my taxes but the numbers aren’t correct on the E file & I’ve been filing the same for years now what should I do?

[oshun_19]

A person who is in school for accounting told me that the numbers aren’t adding up due to nothing has changed but my job and my address.

[xmasbaby0]

 "nothing has changed but my job and my address."   

Your job changed?   How about the paychecks you have been receiving?  Are those any different?   Are you making more?   Making less?  Having more tax withheld?  Less tax withheld?

Your address changed?   Did you move to a different state?  A different locality with a local tax you did not pay at the old address?  

Did your accountant friend tell you that a lot of tax laws have changed for 2022?

We cannot see your screen, your return or your account.  Have you entered ALL of your 2022 information?  All your income, etc.?  Many tax documents that you need do not arrive until late January or even February, so maybe you do not have it all there yet.

There is no recovery rebate credit (stimulus $) for 2022.  The childcare credit is not refundable. The child tax credit is different.  And for some people, earned income is different because there is no “lookback” to an earlier year.  Those are some of the reasons your refund may be less.

There are a lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC)  Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.

And…..the child tax credit is very different for 2022    For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work.   That is NOT the way it will work for your 2022 tax return.  The “old” rules are back.   The maximum amount of the child tax credit is now $2000; the refundable “additional child tax credit” amount is $1500.   In order to get that credit, you have to have income from working.  The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500.  If your child is older than 16 at the end of 2022, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.

And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/...

Print out 2021  and 2022  and compare them side by side to see what is different. 

https://turbotax.intuit.com/tax-tips/tax-payments/video-why-would-i-owe-federal-taxes/L3VXudPiN

[ThomasM125]

Something probably changed if your tax due or refund amount changed significantly from the previous year. I suggest you compare the numbers on your tax return form 1040 this year to last year's numbers. 

Your income would appear on line 9, see if it is much different from last year. If so, look on the numbers in the column above it and see which income items are different from last year.

Your total tax is on line 24. Again, compare that with last year and look at the numbers above it to see what may have changed. Also, look at line 25(d), which is your tax withheld. Compare it to last year to see what changed.

When you find where the differences are, that may enlighten you as to why your tax due is different from last year.