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New Member
posted Feb 1, 2024 3:30:18 PM

So I wanted to ask anybody on TurboTax, I just filed my taxes and I was quoted I get 13,000 back in federal but now it’s showing $400 how do I fix that?

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3 Replies
Level 3
Feb 1, 2024 3:54:51 PM

Did you enter more than one W2? Don't pay any attention to the refund monitor until you've entered everything and completed the interview.

Level 15
Feb 1, 2024 4:43:40 PM

Please explain.    When and where were you "quoted" $13,000?   

 

Look at your Form 1040.  What is on line 35a?

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Level 15
Feb 1, 2024 4:46:27 PM

@0ddd63b08c48 My best guess....are you talking about the standard deduction amount you get when your filing status is Single?

 

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2023 Form 1040.

 

 

 

 

2023 STANDARD DEDUCTION AMOUNTS

 

SINGLE $13,850  (65 or older/legally blind + $1850)

 

MARRIED FILING SEPARATELY $13,850  (65 or older/legally blind + $1500)

 

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

 

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)