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March 31, 2021
Question

refund I entered all of my information and my total tax withheld is about 34k but turbo tax says I should get a refund of 54k why?

  • March 31, 2021
  • 1 reply
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    1 reply

    March 31, 2021

    Depending on other aspects of your return, you may be receiving a refundable tax credit that has increased your refund over and above your withholding amount. 

     

    However, just to be on the safe side, you should take a look at your actual tax return as compared to your documents that show withholding and be sure that the total of all of your withholding matches the amount reported on line 25d of your Form 1040.  If the numbers are different, there may be an input error somewhere.  

     

    You can use Forms Mode to see your Form 1040 if you are using a CD/downloaded version of TurboTax.  Or, if you are using TurboTax Online, see the steps below.

     

    Preview your 1040 in TurboTax Online:
     

    1. Login to TurboTax Online (https://turbotax.intuit.com/)

     

    2. Click on "Pick up where I left off"

     

    3. Select "Tax Tools" from the menu on the left side of the screen

     

    4. Next select "Tools" from the drop-down menu on the left side of the screen

     

    5. Then click "View Tax Summary" from the pop-up menu

     

    6. Lastly, click on "Preview My 1040" from the menu on the left side of the screen.

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