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My federal refund is $65........... it used to be around $500.... why could this change?

I just want to make sure this is done properly... I don't own a company or nothing like that... What could contribute?
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2 Replies
BillM223
Expert Alumni

My federal refund is $65........... it used to be around $500.... why could this change?

The size of your refund is the function of many things, and since we in the Community cannot see your private tax data, we would just be guessing in the dark.

 

But if you used the TurboTax Live service, they would do is the same thing that we would do if we had access to your tax data - we would compare your 2019 and 2020 returns line by line until we found an apparent discrepancy. 

 

If you would do that and have a question about it, then came back to us to see if we can clear something up for you.

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My federal refund is $65........... it used to be around $500.... why could this change?

Did your refund change when you entered something into your return?  Or did the IRS send you less?  Why did you mention about a company?  Did you get a 1099NEC for some work instead of a W2?

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