Large tax increase
st year my federal tax due was about 600 dollars this year it is almost $2000 even though my income has not increased. Why is that?
st year my federal tax due was about 600 dollars this year it is almost $2000 even though my income has not increased. Why is that?
It could be because the IRS ended Covid 19 tax credits. The only way to know is put last years and this years return side by side for a comparison.
https://www.foxbusiness.com/personal-finance/irs-filing-taxes-key-changes-2023
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