Check your entries to make sure you have entered the correct amount of taxes withheld on your W-2. There are many reasons why your refund might be less than what you expected: You didn't have enough tax withheld from your paychecks. You lost a dependent. You changed your filing status. You did not qualified for the full amount of the Child Tax Credit. If you don't have any Tax liability you will only receive the additional Child Tax Credit. You didn't qualify for the Earned Income credit. When you qualify, the credit amount will go up as you earn more income, but once you earn too much, it will go down eventually to zero. TurboTax will figure out exactly how much you’ll receive.I recommend that you make a line by line comparison with last year's return to see what is different this year.

Question

I made roughly 1,000 more than last year but my return is roughly 3,000 less this year than last year

Forum|Forum|5 years ago
February 2, 2021
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TurboTax Deluxe Online

M

MayaD

Check your entries to make sure you have entered the correct amount of taxes withheld on your W-2.

There are many reasons why your refund might be less than what you expected:

You didn't have enough tax withheld from your paychecks.
You lost a dependent.
You changed your filing status.
You did not qualified for the full amount of the Child Tax Credit. If you don't have any Tax liability you will only receive the additional Child Tax Credit.
You didn't qualify for the Earned Income credit. When you qualify, the credit amount will go up as you earn more income, but once you earn too much, it will go down eventually to zero. TurboTax will figure out exactly how much you’ll receive.

I recommend that you make a line by line comparison with last year's return to see what is different this year.

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