I updated my return with an additional W-2 and a 1040 (I think) for unemployment benefits. I now owe nearly half the return I received back? I honestly not really sure why.. or if that should be expected.. or if I did something wrong. Please help. Thanks!
You'll need to sign in or create an account to connect with an expert.
You added more income. More income = more tax. It is not at all surprising that when you amended and added income that you would owe.
https://ttlc.intuit.com/questions/3318997-how-does-the-refund-math-work-on-amendments
You added more income. More income = more tax. It is not at all surprising that when you amended and added income that you would owe.
https://ttlc.intuit.com/questions/3318997-how-does-the-refund-math-work-on-amendments
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
johnmckinsey695
Level 1
mkhaderva
New Member
brittney-sims
New Member
m-rygala1
New Member
stecina
New Member