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January 22, 2022
Question

Do any one knows why my taxes is way less than last year if I made twice the money this year?

  • January 22, 2022
  • 2 replies
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2 replies

January 22, 2022

we can't see your returns. what you can do is compare the two returns line by line.

 

Employee
January 22, 2022

Higher Income = Higher Taxes = Lower Refund

 

Also be aware that any increase in income can lower or eliminate some deductions/credits.

January 22, 2022

Did you change your withholding with your payroll department after receiving raise? You may want to look at the TurboTax withholding calculator to make sure you’re having enough tax withheld from pay to avoid balance due in future.