Tax blues: Owe 4 times as much this year!

[Suzie_Homemaker]

The good news: Filed at 8pm yesterday, just under today's tax deadline.

The bad news...
2014 tax year: Owe $3,600 (essentially 14% of my annual income, or one months earnings)
The comparison....what the heck??.....
2013: Owe $840
2012: Refund!
2011: Refund! (First year of operation)

Whoa!! Nothing has changed. Still have my 5 enrolled. A slight increase in fees grandfathered in over 2013/2014. Of course, expenses have gone up as well too. Anyone else noticed? I double and triple checked my data. Scratching my head on this one.

Had a little daydream this afternoon that Rev. Canada caught a mistake on my part and mailed me a surprise reassessment in our favor....dare I dream?!

How did you get refund in second year of operation? I thought that you couldn't claim back more than you earned so best could be a $0 tax bill. Do you mean refund with a partners and your combined tax return? If that what caused refund, maybe his employment situation changed resulting in net difference between when you get refund and when you don't?

[Dreamalittledream]

How did you get refund in second year of operation? ....Do you mean refund with a partners and your combined tax return?

Yes...should have clarified....combine d