Well it's tax time. I'm having trouble getting this. I've filed before, and each year I've always got a refund from the government. At times I've had to pay the state a small amount. for 2006 I didn't have much to claim because I worked only 4 months, but I got back almost $900 from the government. So I figured cool
This year, I'm trying turbo tax and taxact and both are saying I owe money. Nothing has changed since last year except I worked a whole year. I didn't change the way I file or any deductions. I'm 26 (as of december 24th), on my pay stubs it says status Single/Single (for fed & state) & my allowances Fed 2/0 and same for state. I am single, not married, have no kids.
I know that on my W2 it says I made $23000. I paid $1750 in fed taxes, and $245 in state taxes. The SSI/Medicare and whatever else are just what gets taken out of my checks. Seems pretty standard as far as that goes.
I checked my W2 from last year and in the EIC credits I have nothing, this year I have nothing.
I am just wondering if I am doing something wrong to have it tell me that I "owe" money. It says I don't owe much (like $60) but it seems weird to get refunds the last 8 years and this year I owe. It's like I think I'm doing something wrong but can't find it. I figured someone on here would be able to figure this out or at least point me in the right direction.
Any help is appreciated!
This year, I'm trying turbo tax and taxact and both are saying I owe money. Nothing has changed since last year except I worked a whole year. I didn't change the way I file or any deductions. I'm 26 (as of december 24th), on my pay stubs it says status Single/Single (for fed & state) & my allowances Fed 2/0 and same for state. I am single, not married, have no kids.
I know that on my W2 it says I made $23000. I paid $1750 in fed taxes, and $245 in state taxes. The SSI/Medicare and whatever else are just what gets taken out of my checks. Seems pretty standard as far as that goes.
I checked my W2 from last year and in the EIC credits I have nothing, this year I have nothing.
I am just wondering if I am doing something wrong to have it tell me that I "owe" money. It says I don't owe much (like $60) but it seems weird to get refunds the last 8 years and this year I owe. It's like I think I'm doing something wrong but can't find it. I figured someone on here would be able to figure this out or at least point me in the right direction.
Any help is appreciated!