Can you tell me why my refund is like half if last year.

nana_to8 · ‎February 5, 2020

DMarkM1 · ‎February 10, 2020

The most common reason for lower refunds is withholding in relation to income changes. If your income stayed the same, but withholding went down your refund will go down in comparison. If your income increased and your withholding stayed the same, again your refund will go down by comparison. TurboTax will show you last year's income and withholding amounts in side by side columns.

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DMarkM1 · ‎February 10, 2020

The most common reason for lower refunds is withholding in relation to income changes. If your income stayed the same, but withholding went down your refund will go down in comparison. If your income increased and your withholding stayed the same, again your refund will go down by comparison. TurboTax will show you last year's income and withholding amounts in side by side columns.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can you tell me why my refund is like half if last year.