How can I owe this much money to the state, and little money is owed the feds?

Question

I owed $81 to the Feds, and $460 to the state. How can that be?
I made less than $9200 last year.

Answer 1

Ok first off you don't owe the fed anything. If you made under $10k you are exempt from federal tax unless you are a dependent.

As far as the state, state taxes are usually higher than federal.

Answer 2

No, it does no longer propose you will owe funds. A W-2 does not say no be counted if or no longer you will owe funds. If the money which you made by capacity of engaged on the activity that gave you a W-2 is your purely income for the 365 days, then you definately won't owe any federal income tax, considering the fact which you made so little, and it became all from working a a role that gave you a W-2. whether, in case you have different income, extremely self-employment, paintings as an self sustaining contractor, or investment income (pastime, dividends, capital useful properties, and so on.), then you definately might desire to owe federal income tax.

Answer 3

I assume you are someone else's dependent, or you wouldn't owe federal taxes. When you file your tax return, you are actually reconciling between the taxes you have withheld from your paycheck and the taxes you actually owe on your income. Your federal withholdings were pretty close to right, but your state withholdings were way off. State tax structures are different than federal. Also, sometimes there are local taxes on top of the state taxes (I know this is true in Maryland). You will have to ask your tax adviser how you should change your state withholding forms with your employer so this problem won't happen again next year. Or you may need to be making estimated tax payments. Without knowing your specific situation, that's the best general advice I can give you. Paying taxes sucks, but there's no legal way to avoid it.

Answer 4

I would bet that the standard deduction for the feds is higher and the tax rate is about the same in your bracket

Answer 5

i dont know, i owe money to the state too, and i dont know why because when i did my taxes, it said that i had a refund coming. This is the second year in a row that its done this and its really starting to piss me off. anyways if you live in ill they try to get money any way they can, so they'll screw ppl if they have too

Answer 6

less deductions taken out for State taxes?
more deductables for State?
Got unemployment last year?
hard to say without seeing your tax form- ask a professional if you did own taxes
if someone did them for you- ask them

Answer 7

it all depends on how high your state taxes are and how many exemptions you claimed for your state taxes, state taxes are generally a higher percentage than federal taxes

Answer 8

you are paying tax...the tax from the state and fed will be returned to you when you get your tax income

Answer 9

claim 0 dependents for now on

Answer 10

Welcome to the real world.