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Why did I get only $154.00 from taxs

 
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2 Replies

Why did I get only $154.00 from taxs

No one can see your tax return so we do not know.   We do not know how much you earned or how much tax you had withheld from your paychecks.   Without any personal information----share some details.    What is your filing status?   What is in box 1 of your W-2?   What is in box 2?

**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.**
AmyC
Expert Alumni

Why did I get only $154.00 from taxs

@xmasbaby0 is correct. We can't see kids, status, income, nothing, Generally, your refund is determined by how much tax you had withheld at work compared to your tax liability. Please take a look at your these key factors on your return: 

To view your return, 

  • If you are using the online version:
    1. go to Tax Tools,
    2. then select Tools,
    3. select View Tax Summary,
    4. on the left side, select Preview My 1040.
  • In the desktop program, switch to forms mode.

Line 15 has your taxable income. 

Line 16 is your tax.

Line 24 is your total tax

Line 25 is tax withheld

credits for kids, college, stimulus are in the next lines.

Line 33 is total of payments and credits.

Line 34 is simply a subtraction of line 24 tax from line 33 payments and credits.

 

If you want a larger refund next year, you should adjust your w4 at work to withhold more taxes. Talk to HR to change your form.

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