Why Do I Owe State Taxes But Not Federal Reddit The new standard deduction in 2018 was 12000 with no exemption The new deduction is higher so the most realistic way to owe more taxes under the new law would be if
State taxes aren t the same as federal so you may not of paid enough to your state They re completely separate in this occasion You can look up your tax liability for your Can I owe state taxes but not federal taxes You can owe state taxes while being up to date with your federal tax bill because the state tax brackets are different
Why Do I Owe State Taxes But Not Federal Reddit
Why Do I Owe State Taxes But Not Federal Reddit
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Owing state taxes can result from personal changes job transitions side jobs and eligibility for tax credits and deductions Being a taxpayer is not pleasant but If your concern is why you owe at the end of the year instead of getting a refund it s an issue with your tax withholding at work Use a w4 calculator online and speak with
Why do I owe state taxes but not federal Many taxpayers ask how come I owe state tax but not federal There s a fundamental difference between federal and Key Takeaways The federal government and most states have income taxes The rules and rates vary between individual states and the federal system
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If you find yourself in a position where you have no federal tax obligation but owe state taxes it is probably because your state s deductions and tax rates are not It is not uncommon to owe either federal and or state and get a refund from the other You withholdings might be different as well on your income If you are having
The state and feds are separate agencies it s your responsibility to deal and settle with each separately It s unlikely that either would do anything on behalf of the other The Owing state taxes may be a financial headache but it s important to understand the reasons behind a higher tax bill Depending on your situation owing
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The new standard deduction in 2018 was 12000 with no exemption The new deduction is higher so the most realistic way to owe more taxes under the new law would be if
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State taxes aren t the same as federal so you may not of paid enough to your state They re completely separate in this occasion You can look up your tax liability for your
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Why Do I Owe State Taxes But Not Federal YouTube
Why Do I Owe State Taxes But Not Federal YouTube
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Why Do I Owe State Taxes But Not Federal Reddit - There are a few reasons taxpayers might owe federal taxes instead of getting a refund Mark Steber chief tax information officer for Jackson Hewitt Tax
