Did you already file your return and the IRS corrected your refund and now you have a balance due or have you not submitted your return yet and are just noticing that you owe this year?
Generally, there are a lot of factors that could affect your tax refund or amount due from year to year. Sometimes, taxpayers have a tax liability due. This occurs when there was not enough taxes paid throughout the year.
Some of the reasons you could owe this year are:
- Less income tax was taken out of your earnings
- Your child turned 17 and no longer eligible for the Child Tax Credit and are now receiving the Credit for Other Dependents
- You no longer qualified for the Earned Income Credit
- You paid off your student loan and cannot deduct any student loan interest
- You are no longer eligible for education credits
- You had a change in filing status
If you want to make sure that you inputted your information correctly, then go back over this year's return and compare it against any tax forms you may have.
Alternatively, if you already filed, the IRS may have also made a correction to your tax return, resulting in a balance due. You'll get an official explanatory letter when this happens. Common corrections for the 2021 tax year involve Line 28 (Child Tax Credit) and/or Line 30 (Recovery Rebate Credit). If these credits were taken in error, the IRS will automatically adjust your return to disqualify you from the credit amount. Do you have amounts listed on Line 28 and/or Line 30 of your return?
Lastly, what is the error message you are getting when trying to delete your W-2?
@rlane2013
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