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January 31, 2025
Question

I made more this tax period then I did last tax period. I am getting back less. Why is this?

  • January 31, 2025
  • 1 reply
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    1 reply

    VolvoGirl
    Employee
    January 31, 2025

    Usually more income = more tax = less refund. Your withholding didn't increase enough to cover the tax due. Or some credits you got are reduced because you made more income.

     

    Why did your refund go down this year?
    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/L97JmhUbi_US_en_US?uid=ld9ijm41