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wynnonacabasisi
New Member

Why I will only receive $562 federal income tax instead of $2399.05

 
2 Replies
xmasbaby0
Level 15

Why I will only receive $562 federal income tax instead of $2399.05

Why doesn’t my refund match my W-2?

 

 

Does box 2 of your W-2 say $2399.05?

The amount you see in box 2 of your W-2 is not necessarily your tax refund.  That box shows how much was withheld from your pay.  But like many others, you have a tax liability to pay tax to the government.  So the refund you get back is the difference between how much you have to pay according to your filing status, tax bracket, number of dependents, credits and deductions, etc. and the amount that was withheld.

**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.**
KarenM90
Level 11

Why I will only receive $562 federal income tax instead of $2399.05

See xmasbaby0 explanation of why your Box 2 on your W2 isn't necessarily the amount of your refund.

 

I encourage you to View your Tax Summary before filing to see your total income, deductions, taxes assessed, as well as your payments and withholding.

 

To get to the Tax Summary:

 

1.  With your TurboTax Return Open

2.  Click on Tax Tools from the menu on the left (in Black)

3.  Tools

4.  View Tax Summary

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