How can I be taxed when my taxable income is around $2,000!?
I just went to file my taxes and when I got done with my Federal portion, they said that I owed $32. My taxable income after the standard deduction was around $2,000. This is so asinine!! Last year I made more money, and I still had a decent refund. This year I make less and they decide to slap me with a $32 tax?! Help! Keep in mind my withholding's are minimal too. Over all last year I made $7,750 total.. I used TaxAct, and it did the work. When the stimulus package was introduced I was not only a minor, but I was also claimed as a dependent, which I currently am still! Which also adds to my suspicion about why I would owe!
Public Comments
- You screwed something up. Compare it to last year's return, line by line.
- It all comes down to how much you had withheld. If you had no taxes withheld, you will probably owe. Maybe last year you had some withholdings?
- Pay the $32 and be thankful it isn't $32K, check your W4 withholding, did you change the amount you are having withheld. Did you review your return to make sure all is reported correctly, are you sure the stimulus was not added in as income?
- You need to understand your taxes helps the government spend money on their important agenda. You should feel lucky. The more you make the more they take. This gives huge incentive to work harder and longer.
- It is taxable income, so it gets taxed. With $2000 taxable income that is $200 tax, and you had less than that withheld. Last year you must have had more withheld.
- The best thing to do is go to someone else. 3 years ago i had to pay back $1000, in taxes. I had to go to 3 other tax places to found out if they made a mistake. And i found out they don't make a mistake, i forgot to take my daughter of my taxes. So if you think they made a mistake go some where else, to be for sure. I am not good at deduction, but i don't stop at one place before i found out. Good luck! Mary r.
