why does my state tax return get lower every year?

Question

last year i got $8, this year i owe $46. will i owe more next year?

Answer 1

What you receive as a refund or owe is dependent upon how much you made and how much tax was withheld.

If your employer did not withhold enough tax, you will owe. If your employer withheld too much, you get a refund. Assuming you have the same employer, same income, same filing status (married/single, # of dependents) and no major changes to your state tax code, you will probably owe next year.

If you would prefer not to owe when you file your return, you may want to go to your payroll office and change your W-4 to increase the amount withheld throughout the year. But personally, I'd rather owe some rather than give Uncle Sam MY money interest free for the year. Remember...refunds are just that...refunds. It's already your money.

Good luck!

Answer 2

Your state is a big rip off. That is one of the drawbacks of electing a Dem into office. Remember that on the next election. Here in Texas, we don't have a state income tax.

Answer 3

inflation and the fact that your salary is not being adjusted to compensate for this change becuase this is simple economics. a dollar today wont b worth a dollar a year from now, it will b worth less. this is what is happening to your salary, your making the same amount, but it is just worth less and less every year. i suggest you demand for at least a cost of living raise

Answer 4

No way to tell. If you owe, you're not having enough withheld, pure and simple.

Answer 5

Hmmmm get a high income job