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Level 1
January 23, 2020
Solved

Return amount

  • January 23, 2020
  • 1 reply
  • 1 view

Why is my refund amount so much less than it was last year when I only made a couple thousand more dollars?

    Best answer by bluedeb

    You are most likely now in a higher tax bracket.  As little as making $100 more can put you in a higher tax bracket than last year.  No one here can see your returns, you can compare your last years returns with this years to see the actual difference.  

    1 reply

    bluedeb
    Alumni - Champ
    bluedebAlumni - ChampAnswer
    Alumni - Champ
    January 23, 2020

    You are most likely now in a higher tax bracket.  As little as making $100 more can put you in a higher tax bracket than last year.  No one here can see your returns, you can compare your last years returns with this years to see the actual difference.