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I wanted to know why I am only getting 40$ back from my state tax return when it took out 267.43

Forum|Forum|7 years ago
June 1, 2019
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Best answer by VolvoGirl

Ok that's right. Line 41 is the tax on your income, 227. Then you subtract out the amount you had withheld from your paychecks W2 box 17 $267. That should be on line 53. You get the $40 difference back. Better than owing more. If you want a bigger refund you can increase your withholding at work to have more taken out of each check.

The withholding is only an estimate of the tax you will owe on all your income. When you make more income you owe more tax.

VolvoGirl

Employee

Was the 267.43 the state withholding on your W2? You don't always get it all back. The tax on your income must have been around $227 or you owed a penalty or something. Print out your state return and look at it. If you don't understand a line you can ask us.

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shemiahmooreAuthor

It was the state income tax, and where can i print out a state return?

VolvoGirl

Employee

Have you filed yet? How to print
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1914214-can-i-print-a-copy-of-my-turbotax-online-return-before-i-file-it">https://ttlc.intuit.com/questions/1914214-can-i-print-a-copy-of-my-turbotax-online-return-before-i-file-it</a>

If you can't get back into your return, Try this, you can sign back onto your account, click on Add a State. This should get you back into your return.

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shemiahmooreAuthor

When I look at it, it just says 227 is the total tax due. Is that just what I'm paying to the state?

VolvoGirl

Employee

Sorry I'm confused. What state and what line is the 227 on?

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shemiahmooreAuthor

Im in NJ, and it is on line 41

VolvoGirlAnswer

Employee

Ok that's right. Line 41 is the tax on your income, 227. Then you subtract out the amount you had withheld from your paychecks W2 box 17 $267. That should be on line 53. You get the $40 difference back. Better than owing more. If you want a bigger refund you can increase your withholding at work to have more taken out of each check.

The withholding is only an estimate of the tax you will owe on all your income. When you make more income you owe more tax.