Ever since I started getting a yearly tax refund, I would always receive $200 to $500 back when I got my taxes done. Last year, I went to get them done and I suddenly owed over 1000 bucks. I didn't get any increase in pay or change jobs, so how do I suddenly owe money when I didn't do anything different compared to last year?
2007-01-31 04:58:23 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Canada
#1: Who did your tax return?
#2: Is your income exactly the same is last year?
#3: Did you withold the same amount from your income?
Let me know the answers and I can help you!
2007-01-31 05:04:34 · answer #1 · answered by Justasking 1 · 0⤊ 0⤋
Don't you just love the tax system? Have you seen the new, easy-to-file tax form?
1. How much money did you make?
2. Send it to us.
2007-01-31 05:07:12 · answer #2 · answered by woodlands127 5 · 0⤊ 0⤋
All you have to do is compare past years' returns side by side, and see where the difference is!!
2007-02-03 15:28:08 · answer #3 · answered by musicman 5 · 1⤊ 0⤋
there could be many different factors such as:
did you change your witholdings?
did you have "other" incomes that you reported?
or it could be that the person that did your taxes messed up..
2007-02-02 01:43:34 · answer #4 · answered by les0581 1 · 0⤊ 0⤋