Why my Califormia state income taxes I owe are 40% more than federal tax I owe?
Don't feel like paying a grand to CA that I supposedly "owe." Could there be something wrong with online TaxAct service I am using? Is HR block or tax accountant a better choice?
Public Comments
- Don't file, and don't pay it. It will take the state about one year to catch-up with you. You could be long gone by then! Seriously, I never feel like paying taxes. The best you can do is to prepare all year to ensure that you minimize your tax exposure. Once you get to the end of the year like this, you have few options to reduce your tax bill. You didn't state why you owe this money, so it is hard to give you any suggestions. If your CA taxes are higher than federal, you may have some adjustments to your income or deductions that differ in treatment between federal and state, or you may have forgot to include something. If you can't figure this out on your own, see a tax professional. Good luck!
- Try doing it yourself with help from this online service free or for less than $10.
- If your federal tax is low, that's very possibly correct. Without more detail it's not possible to tell, though.
