taxable income

[dmm27]

I have less taxable income than last year but my amount of taxes owed is higher.  How can that be?

[AmyC]

When your federal withholding is less than your tax liability, you owe. Please look at how much federal tax was withheld for each year and compare those. The W4 charts changed last year and you may not have updated yours, so not enough was withheld.

• You can use the W4 planner in the program under other tax situations. 
• You can change your W4 at work as often as you like.
• You can also use the IRS W4 planner anytime throughout the year.
• check your withholding every 3 months to make sure you are having enough withheld.
• easy to use calculator from TurboTax.