Confused: Why would I owe taxes?

Confused: Why would I owe taxes?
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1 Answer

Answer :

answer:In my head, glancing at the EZ form and the tax table it looks like you owe $963. I could easily wrong. Hopefully someone who has a pen and paper can do a better calculation for you. I didn’t account for the interest paid? Not sure how that figures in. You don’t make any interest from bank accounts that need to be included? Edit: I googled and it says you can deduct the paid interest off of income. If it’s that simple then it looks like you owe $388. Not sure? What number did you come up with?
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