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April 4, 2025
Question

If Our income dropped by 12500 but our taxes increased by over 2000. Why

  • April 4, 2025
  • 1 reply
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Husband retired from 2nd job, June 2024 and we paid off our morgage

1 reply

KrisD15
April 4, 2025

There could be many reasons, you lost the home mortgage interest deduction, less tax was being withheld, you may have lost credits. 

 

Compare last year to this year to see what numbers changed.

 

When you print your return, select "Print all forms and worksheets"

Within the documents you will find a 2-year comparison. 

 

 

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