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[deleted] OP t1_jea7gri wrote

Reply to comment by FourWayFork in Why on earth do I owe money?? by [deleted]

70k a year and paid around 13k

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Goadfang t1_jeaa79y wrote

If you paid around 13k on 70k income then that is around 18.5%. If they are asking you to make an additional payment of $1600, bringing total taxes paid to 14.6, then that would be close to 20%. Is the effective tax rate on your bracket about 20%? If so, then that's your answer.

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[deleted] OP t1_jeab0sv wrote

Thank you so so much, this is the exact reason and now I know! Was so frustrated and confused lol

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