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March 9, 2020
Question

Why do I owe almost 700 dollars to the Illinois state this year? I've worked the same job and had the same situation for years and have never owed money to the state.

  • March 9, 2020
  • 1 reply
  • 0 views
I DID make about $10,000 more this year. Does this really double my taxes due to the state?

1 reply

CatinaT1
March 10, 2020

Without looking at your return it is impossible to know why.

 

These are the most common things that effect your refund or balance due:

  • Change in Filing Status;
  • Change in dependents claimed;
  • No longer have a child, under age 17, to claim the Child Tax Credit
  • The amount of federal and/or state withholding;
  • Income based credits, such as the Earned Income credit;
  • Tax bracket changes

 

Here is a TurboTax Help Article that will give you more information.

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