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Get your taxes done using TurboTax
No, it does not necessarily mean you did something incorrectly. If you had almost $8,000 more withheld, it sounds you like had a large increase in wages? If you did, then this would increase the amount of your tax liability as well. Your increased tax liability was not necessarily in direct proportion to your amount withheld meaning, if your taxes withheld went from $17,600 to $25,000, your liability did not go from $16,695 to $24,095.
With the small difference in your refund in relation to the amount withheld, it is not likely that this is an error, but, it never hurts to double check your entries to be sure you did not make an entry error.
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February 12, 2025
4:54 PM
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