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Level 1

Question

Why do I owe $7000?

Forum|Forum|1 year ago
January 20, 2025
2 replies
32 views

No text available

Level 15

We have no access to your return or documents. You probably misentered something, but that could be anything. I suggest you go back to the start and review all entries. If you don't see anything, you'll have to review the return line by line to see if anything sticks out. It would also be a good idea to compare it line for line with 2023.

Mike9241

Alumni - Intuit

There are many reasons why you might owe this year:

You did not qualified for the full amount of the Child Tax Credit.
You changed your Filing Status.
You didn't qualify for the Earned Income credit.
Your Income increase but you didn't adjust your withholding.

Make sure you have entered all taxes withheld from your W-2 and other tax forms.

For more information please check: Why do I owe taxes?

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