I filed taxes in 2015 with less income and i received more than $1000. For 2016 i filled more income and received less than $1000. I want to know why?
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There are several factors that go in to determining the taxes an individual owes. Your income could have increased which might have put you in a higher tax bracket, it could have reduced or eliminated some deductions or credits, the tax laws changing year to year will determine the amount of taxes that need to be paid as well.To see what had changed between last year and this year, please print off your 2015 and 2016 return and compare them. This will help you determine what has changed. Generally the more money you make, the more in taxes you are required to pay.
There are several factors that go in to determining the taxes an individual owes. Your income could have increased which might have put you in a higher tax bracket, it could have reduced or eliminated some deductions or credits, the tax laws changing year to year will determine the amount of taxes that need to be paid as well.To see what had changed between last year and this year, please print off your 2015 and 2016 return and compare them. This will help you determine what has changed. Generally the more money you make, the more in taxes you are required to pay.
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