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Level 2
posted Mar 31, 2021 7:02:37 AM

Why do I owe money this year when I didn’t owe last year?

 the withholding percentage is same in both years

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1 Replies
Expert Alumni
Mar 31, 2021 7:22:38 AM

It depends. It could be because you had more income this year and got into a different tax bracket. Or you no longer qualify for a Tax Credits that you had last year. I would recommend to look at the 2 year comparison or look at the 2019 and 2020 returns side by side to see where the difference comes from.