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February 28, 2023
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Large tax increase

  • February 28, 2023
  • 2 replies
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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?

    Best answer by bluedeb

    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.

     

    IRS ends COVID-19 tax credits

    https://www.foxbusiness.com/personal-finance/irs-filing-taxes-key-changes-2023

    2 replies

    bluedeb
    bluedebAnswer
    February 28, 2023

    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.

     

    IRS ends COVID-19 tax credits

    https://www.foxbusiness.com/personal-finance/irs-filing-taxes-key-changes-2023

    March 2, 2023

    We would not have access to your return here If you would like a specialist to take a look at your return, please click here to give us a call. @lunaplata 

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