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Im filing my taxes, and last year i only worked 4 months and got 494 dollars back, this year i worked a full 12 months and its saying my return is only 391 dollars
so I feel like my return should be a lot more this year than last year considering I have the same job and ive been promoted and nothing else has changed. ive been promoted and I worked a full twelve month year. and I'm getting less return
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posted
May 31, 2019
7:34 PM
last updated
May 31, 2019
7:34 PM
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Im filing my taxes, and last year i only worked 4 months and got 494 dollars back, this year i worked a full 12 months and its saying my return is only 391 dollars
Did you get earned income credit last year? No one on Answer Xchange can see your return. There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc. You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty? The best way to find the difference is to print and compare 2015 and 2016 side by side
And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
May 31, 2019
7:34 PM
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Im filing my taxes, and last year i only worked 4 months and got 494 dollars back, this year i worked a full 12 months and its saying my return is only 391 dollars
literally nothing has changed from my filing status except my promotion and the amount of time I worked
May 31, 2019
7:34 PM
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Im filing my taxes, and last year i only worked 4 months and got 494 dollars back, this year i worked a full 12 months and its saying my return is only 391 dollars
Everything changed ... you made a lot more money ... had more taxes withheld ... owed more taxes but had just enough withheld so your refund is small like last year. Actually what you describe is quite normal ... you didn't pay too much.
The tax return is just one long math problem ... so to see how each tax year is calculated you really need to set them side by side and compare them line by line. If you still don't understand then ask a friend/family member/ local tax pro to help you decipher them.
The tax return is just one long math problem ... so to see how each tax year is calculated you really need to set them side by side and compare them line by line. If you still don't understand then ask a friend/family member/ local tax pro to help you decipher them.
May 31, 2019
7:34 PM
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