Get your taxes done using TurboTax

If you have entered everything correctly into the TurboTax program, the calculations will be correct. It's easy to type in an incorrect number and not notice it. TurboTax will ask you simple questions about you and give you the tax deductions and credits you're eligible for based on your answers.

You should check your income entries, such as W-2's and 1099's to make sure they are correct.

There are several reasons why your taxes may be higher this year even though you made a similar amount of money. These include:

1. The tax brackets changed in 2024 due to inflation, which may pushed you up to a new higher  tax bracket 
2. Calculation error. You should check your W-2's and other income entries and make sure they were entered correctly.
3. If you worked multiple jobs. This often results in a lower refund because your withholding for each job is based on working only one job, therefore your withholding is not enough.
4. You got a significant raise but did not increase your withholding. (You should adjust your Form W-4 when your pay changes significantly)
5. You had a change in filing or marital status. 
6. You took an early withdrawal from a retirement account.  This would have a penalty.
7. Your child's age no longer qualifies you for the Credit for Other Dependents or the Child Tax Credit
8. You paid off your mortgage and no longer have the deduction for mortgage interest
9. You paid off student debt so you no longer have the interest deduction
10. You had less medical expenses or charitable contributions.
11. You had a change in filing status

If you owe taxes to the federal and/or state because your withholding is too low. You can adjust your withholding by submitting a new Form W-4 to your employer.

You can use the TurboTax W-4 Withholding Calculator to help you find the right withholding when completing a new W-4. You can use this info to boost your refund or increase your take-home pay.)

You can also preview your tax return to make sure everything is accurate. You can do this by following the instructions below.

Try previewing your actual return as it is a more accurate reflection of your return. 

You can get to your tax return in TurboTax desktop as follows:

1. Switch to Forms Mode, and then  (see screenshots below for additional guidance)
2. Scroll through your forms in the left panel and 
3. Click on the form you want to preview (Example Form 1040)

You can get to your Tax Return in TurboTax Online as follows: 

1. Go to "Tax Tools" in your left panel,
2. Select "Tools" and then 
3. Select "View Tax Summary" and 
4. Select "Preview Form 1040"

Click here for "How do I update and print a new W-4?"

Click here for "Why do I owe taxes?"

Click here for "Video: Why Would I Owe Federal Taxes?