What tax year is IRS auditing now?

Why did the IRS take a hell of a lot more money from my Fed tax withholding this year than last year?

  • Last year my fed tax withholding was $1700 and I was issued a $1300 refund. This year, my fed tax withholding was $1400 and they took all of it, except the "Stimulus"?!? I've had the same and only job now for 3 years. Everyone else seems to be getting most of their money back this year, why not me...wtf?!

  • Answer:

    You will need to compare your 2009 return to your 2010 1040 on a line-by-line basis to find the answer. Trying to compare your tax situation to that of your friends and relatives will not give an accurate result.

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Because this year the withholding tables worked correctly. The point of withholding is to break even, not have a big refund. Any money not withheld was IN YOUR PAYCHECK, so you got the money already.

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