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J
jake88price
March 14, 2022
Question

If my company took out $2089 in state taxes from my income and I owe $2776.33, according to the tax rate of 4.99%, then why do i owe $2366 more?

  • March 14, 2022
  • 1 reply
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1 reply

V
Vanessa A
March 14, 2022

You wouldn't owe $2,366 more if you made approximately $55,600 and had $2,776.33 and live in a state with a flat tax rate of 4.99%.

 

If those are all the facts, you should double check your entries to  be sure there isn't a type.  Pay special attention to boxes 15-17 of your W2.  You may have entered that you had less withheld than you actually did. 

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