Owing federal tax for first time ever and not sure why… is it because my income went down? Or is my employer not withholding enough? I’m confused!
Owing federal tax for first time ever and not sure why... is it because my income went down? Or is my employer not withholding enough? I'm confused! Hi y'all. Happy tax season. Please be kind to me in your responses (but also explain it to me like I'm five) because I've tried to do my own research and figure out the situation, but tax jargon just isn't making sense to me right now under the stress of having to owe. I'm already very low-income so owing even $312 is huge, that's nearly a week'...