Question

Why do we owe so much more in state this year when our income and deduction are almost exact from last year

Forum|Forum|5 years ago
March 26, 2021
1 reply
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I have compared our income and deductions and we made about 240.00 more and paid about 20.00 less in taxes but owe 300.00 more. That does not compute to me.

H

HelenC12

There may be several factors that go into you showing you're paying much more in 2020 versus 2019. The following are some suggestions to help you find the reason why.

Double check the amounts you entered into TurboTax to make sure they were entered correctly.
Do a state income tax return line by line comparison to see what is different this year versus last year.
Your 2020 State Tax Withholding was lower than 2019.
You deferred less income into your Employer-Sponsored Retirement Plan or Flexible Savings Plan.
You didn't qualify for a tax credit you received last year (or the credit amount decreased).
You removed a dependent.
You changed your filing status.
If you itemize, your Itemized Deductions are lower this year. or the standard deduction is lower.