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Why did my number go up on my tax refund

 
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2 Replies

Why did my number go up on my tax refund

This is mainly a user community forum.   No one here can know anything specific about your situation.   You would need to explain your issue to see if anyone can comment.   But do not post any personal info in this public Internet forum.

SharonD007
Employee Tax Expert

Why did my number go up on my tax refund

Your refund amount changes as you enter documents because TurboTax calculates your tax liability as you enter your documents. When you enter deductions (student loan interest, IRA contributions, itemized deductions) they lower your taxable income. When you enter credits (Child Tax Credit or Education Credit) they  reduce your tax bill directly, both of which increase your refund. 

 

Your tax refund is your total tax payments (withholding/credits) minus the tax you actually owe. If you paid more than you owe, you get a refund.

 

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